Proximity Commercial Advisors Closes 16 Houston-Area Lease Agreements in Small-Mid Business Market Amid COVID-19 Pandemic

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Three-Person Brokerage Firm Closes Retail, Industrial, Multi-use Properties Totaling More than 120,000 sq. feet; Despite COVID-19 Pandemic Small, Midsize Businesses Forge Ahead

The depth and range of the market effects of the pandemic are still mostly unknown, but our commitment to our clients and to establishing and maintaining long-term relationships has been and will be the keys to our success.

Proximity Commercial Advisors, a commercial real estate firm providing corporate lease representation and negotiation on behalf of property owners, investors and tenants throughout Southeast Texas, today announced that the company has closed 16 Houston-area lease agreements totaling more than 120,000 sq. ft. in retail, industrial and multi-use properties.

“We were as surprised as anyone when we saw an uptick in business this spring and into summer in the small to midsize business market. Both the property owners and tenants we represent are doing what it takes to keep business moving and forge ahead during this tumultuous time,” said Robin Moore, Senior Director at Proximity Commercial Advisors. “It is promising that these agreements were mostly expansions or new deals in a range of industries, retail, legal, insurance, manufacturing, energy and more. It’s a true testament to the spirit of the small-business owner and the willingness of property owners to support their tenants.”

While the velocity of commercial real estate sales and lease activity has slowed, some small and midsize businesses are looking for ways to move forward and property owners are being creative in agreements to benefit both parties. Touring properties is very different these days and to a certain extent, challenging. Once that obstacle was overcome, the transactions have been completed remotely, from home offices.

“We can’t stay paralyzed by fear. We are looking to the future and need the capacity to expand our capability to service our clients. That is the primary driver behind a 30% increase in our footprint,” said David Rogers, President of Airgroup IAH.

“The depth and range of the market effects of the pandemic are still mostly unknown, but our commitment to our clients and to establishing and maintaining long-term relationships has been and will be the keys to our success,” Moore said. “Proximity’s three-person team has gladly hustled on behalf of our clients to close these deals and set them up for success.”

About Proximity Commercial Advisors
Founded in 2010, Proximity Commercial Advisors is a Houston-based commercial real estate firm providing corporate lease representation and negotiation on behalf of property owners, investors and tenants throughout Southeast Texas. The Proximity team offers small firm flexibility, local level service and expertise to clients, with the experience born from industry veterans of national and regional brokerage and ownership platforms. More information is available at http://proxcomm.net/

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Carrie Ward
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