Radler Inks 200k SF
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Radler Enterprises secured over 200k SF of positive leasing activity across its Houston properties in 2015, most recently inking APPLUS Rtd for most of the top floor at 3 Sugar Creek Center in Sugar Land. Principal Tom Radom tells us APPLUS consolidated several locations into a new HQ in the 153k SF Class-A building. Sugar Creek, like the majority of the Radler Enterprises’ portfolio, is averaging above 90% occupancy.
Radom is just now completing the shell of Beltway Lakes III, a Class-A office park consisting of two nine-story office buildings totaling 500k SF. Livingston International is the first tenant in that project for its new regional HQ.
Real estate's in Tom's blood—his father, Mishael Radom, has been transacting real estate for 48 years and they work together on Radler's 1M SF portfolio. They're pictured together in the lobby of Beltway Lakes III. (“He is still the smartest man I have ever met, and I learn something new from him every day,” says Tom.) And Tom's brother Steve, along with partner Evan Katz, recently completed his first project, a retail development in the Heights.
In short, the Radoms have done well in a year that has seen some real struggles. Tom says his family's philosophy hasn't changed since Mishael founded Radler in '87 (quality assets, good tenants, and highest-quality customer service possible), and its deal flow doesn't surge when the market is hot or die when the market slows. His bold statement: "The strongest and smartest companies often make their most profitable moves during difficult times.”
One other secret to success: minimizing exposure to debt. The Radlers deploy their own capital, which ensures they always have the luxury of waiting for the right tenant and the right deal.