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As National Head of Investor Services at Stream, Preston Young has elevated the firm’s profile to nearly 500 MSF in 15+ markets. His success stems from a culture of collaboration, innovation and grit. His teams represent top institutional, private and corporate CRE owners. Preston launched initiatives like the Ambassadors Program and Stream Innovation Council to add client value. He speaks at universities and industry events on leadership and service and holds various prominent community roles.
Veteran broker brings over 30 years of retail leasing tenant representation and development expertise
Houston, TX – Partners Real Estate (“Partners”), a full-service commercial real estate firm with an integrated investment and development platform, today announced that Joan Collum has joined the company as a Partner. Ms. Collum, a seasoned retail broker specializing in retail leasing and tenant representation will be based in Partners’ Houston office.
Ms. Collum began her career in 1984 as a real estate representative with WNS, expanding the Wallpapers To Go concept throughout the Southeast United States. She then moved to Pier 1 Imports, where she successfully opened over 100 new locations across the Southeast and Northeast markets. In 1994, she transitioned to tenant representation brokerage, leveraging her extensive retail expertise on the brokerage side. Ms. Collum also has extensive experience in retail real estate investment and development that she will further leverage with the Partners Capital and Development platforms.
“We are incredibly excited to welcome Joan to our team. Her decades of experience in retail leasing and tenant representation, combined with her proven ability to identify development and investment opportunities, will be a tremendous asset to our Houston office,” said Jon Silberman, CEO of Partners. “Joan’s dedication to client success and deep market knowledge align perfectly with our values, and we look forward to seeing the positive impact she will have on our firm and our clients.”
Over the past 30 years, Ms.Collum has exclusively represented major brands such as Michaels, Pier 1 Imports, Applebee’s, Office Depot, Bar Louie, La Madeleine, and Popeye’s in the Houston market. Currently, she continues to represent Office Depot and Floor and Décor. Additionally, Ms. Collum handles leasing responsibilities for her own developments, including Seguin Marketplace, 1242 Witte Road, and Tomball Marketplace, and sources development opportunities in Houston and South Texas markets.
Ms. Collum’s addition to Partners underscores the firm’s commitment to attracting top talent in the retail sector and expanding its service offerings to clients nationwide. Notably, Marc Peeler, joined the firm as a Partner earlier this year. Ms. Collum’s addition also closely follows the joining of Atlanta Office Tenant Representation brokers Chad Koenig and Katelyn Fabian to the firm’s new Atlanta office, which opened in June. Leading the Southeast business is veteran commercial real estate executive John O’Neill, President and Managing Partner, Southeast, and Board member. This expansion is part of Partners’ strategic plan to grow throughout the Southeast region, enhancing its service offerings and presence in key markets.
Colburn to Partner with CEO Chris Maguire to Drive Strategic and Operational Growth
DALLAS, TX – SRS Real Estate Partners today announced that Garrett Colburn has been named President, responsible for the company’s continued national growth, including office productivity and culture. Colburn will partner with CEO Chris Maguire to generate growth across all platforms, including retail, capital markets and industrial. He also will serve on SRS’ Executive Committee, the group responsible for setting overall strategy for the firm throughout the U.S. and globally.
“I’m honored to step into the position of President and build on our company’s exceptional culture and success,” Colburn said. “SRS has a strong foundation, and I’m committed to working with our talented team to drive significant growth and solidify our position as an industry leader.”
Maguire will remain CEO and Chairman of the Board, focusing on overall company strategy and building strong client relationships. He will work closely with Colburn to identify new market and business growth opportunities.
“This move signals a continued commitment to growth for SRS,” Maguire said. “Garrett’s industry experience and successful track record as a broker and a leader within the company made him the overwhelming choice to take SRS to the next level. We’re well-positioned and primed for strategic growth with Garrett’s leadership.”
Colburn currently serves as Managing Principal and Co-Market Leader of SRS’ five California offices. He joined the company in 2012 to grow the Southern California office. He has served on the SRS Board of Directors since 2016. He will continue both roles in addition to his new responsibilities.
Along with co-leader Terrison Quinn, Colburn has built SRS’ Southern California office from two retail professionals to more than 45, cementing it as the company’s largest retail office and also one of the top performing offices in the country—transacting more than $1.6 billion in 2023. He was also a founding partner of SRS’ National Net Lease team in 2016 that has become one of the largest net lease platforms in the industry. With more than 60 capital markets professionals nationwide, the team completed $2.2 billion in transaction value and more than 510 properties sold in 2023.
Over his 15 years in retail brokerage, Colburn has been responsible for more than $3 billion in transactions. He has been recognized with numerous industry and company accolades, including being named a top retail leasing broker nationally by industry publications like Chain Store Age and Real Estate Forum multiple times as well as consistently achieving SRS’ Top Producer recognition and its prestigious Chairman’s Award.
About SRS Real Estate Partners
Founded in 1986, SRS Real Estate Partners is building upon its retail foundation to provide extensive commercial real estate solutions to tenants, owners, and investors. Headquartered in Dallas, with 29 offices in the U.S., SRS has grown into one of the industry’s most influential and respected leaders. Our commitment to excellence is strengthened by our Guarantee of Value and our success is measured in the achievement of our clients’ objectives, satisfaction, and trust. For more information, please visit srsre.com.
Versal closed the sale of Affordable Storage in Clute, Texas.
Affordable Storage is six miles northwest of Freeport and 55 miles south of Houston. The Class-A property has 440 units totaling 46,785 square feet.
Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal represented Fab Legacy LLC, the New Hampshire-based seller. The team also procured the Miami-based buyer, LAGO Properties, LLC.
Coldwell Banker Commercial Capital Advisors negotiated the sale of Dimora Village, an investment portfolio of 209 separately deeded duplexes totaling 418 rental units and 572,040 square feet in Lubbock, Texas.
Dimora Village is located at 602 N. Belmont Ave. in Lubbock, one mile from the edge of Texas Tech campus and the TTU Rawls golf course. It is adjacent to North Park, a thriving new development featuring student housing, medical offices and retail space.
Chase Tucker, CCIM and Taylor Tucker, CCIM, represented both the undisclosed seller and the buyer, Crain Co. Every individual duplex had its own survey, legal description, and address. Most are in one subdivision, but not all are adjacent. The price has not been disclosed.
JLL Capital Markets has closed the sale and secured acquisition financing for Vineyard Hills Apartments, a 202-unit, 2000-vintage, garden-style apartment community located in Southwest Austin, Texas.
JLL Capital Markets worked on behalf of the seller, Bob Reeves, to facilitate the sale to S2 Capital. Working on behalf of the new owner, JLL also procured the acquisition loan from Benefit Street Partners.
Featuring a range of one-, two- and three-bedroom options, Vineyard Hills has an average unit size of 928 square feet. Each unit is designed with features such as walk-in closets, balconies and detached garages and select units with fireplaces, bay windows and tile floors. Additionally, the property offers its residents a range of amenities, including a pool, heated spa, picnic area with BBQ grills, an on-site laundry facility and a dog park.
Vineyard Hills benefits from its strategic location at 7631 U.S. Hwy 290, offering convenient access to the greater Austin area via Highway 290 and Loop 1 (Mopac Expressway). This prime location is surrounded by sought-after neighborhoods such as Oak Hill, Circle C and Barton Creek, enhancing the appeal for potential residents.
Moreover, residents are in close proximity to some of Austin’s most prominent and influential employers, including Yeti Headquarters, AMD, NXP Semiconductors, ARM, Solar Winds and Ascension Seton Southwest Hospital.
The JLL Capital Markets Investment Sales and Advisory team was led by Managing Directors Ryan McBride and Robert Arzola, Senior Managing Director Robert Wooten and Associates Alex Fernandes and Nick Beardslee.
Senior Managing Director Mark Brandenburg led the JLL Capital Markets Debt Advisory team.