Category : News

New Retail Development Announced in McKinney, Texas

Posted on: October 10, 2017 by Arpit Shah

(Dallas, TX) October 10, 2017 – Encore Commercial, LLC recently announced the development of Marketplace at Craig Ranch, a new multi-tenant retail center located in McKinney, Texas. Construction on the 20-acre site is projected to be completed in late 2018 and will include over 61,000-square-feet of restaurant and retail space, plus five pad sites and one medical office building. The development is situated on the northeast corner of Stacy and Custer, within a 2,200-acre master-planned, mixed-use development of Craig Ranch. The site is will be anchored by a Walmart Neighborhood Market, anticipated to open in late 2018.

Retail A, a 10,000-square-foot building, is estimated to open in February 2018. The center will include an Avenue Nails Salon, a Fantastic Sams Hair Salon, and a Thrive Affordable Care Vet, as well as a pediatric dental office. A Freddy’s Frozen Custard and Steak Burgers, a Kwik Kar, a car wash, and a MedExpress Urgent Care clinic have also purchased pad sites along Stacy and Custer, along with a climate-controlled, luxury storage facility, intended for high-end items such as furs, fine wines, and jewelry.

“All that we have been able to accomplish with this site in the past year has been very rewarding,” said Mike Nelson, Encore’s Senior Vice President of Commercial. “We purchased this land back in 2014 when it was just an empty field with a Walgreens on the corner. Today, all the initial site work has been completed and we are moving forward with the vertical construction of the buildings.”

Known for its excellent schools, its historic downtown square, and its beautiful city parks, McKinney was named the best place to live in America in 2014 by Money Magazine, a publication by Time Inc. A city with a population over 170,000, the average household income is $132,179.

“Our hope is that by establishing this new development, we will be able to foster continued growth in this unique area,” stated Nicholas Barber, President of Encore Commercial. “We are gratified to have this opportunity to create something in a city so beloved by its locals.”

About Encore Commercial, LLC.
Encore Commercial, LLC is a subsidiary of Dallas-based commercial real estate firm, Encore Enterprises Inc. Encore Commercial focuses on the acquisition, ownership, redevelopment and asset management of retail shopping centers, single tenant retailers, and class “A” commercial office buildings across the United States. For more information, visit encorebz.wp.brainvire.dev/commercial.

About Encore Enterprises, Inc.
Encore Enterprises, Inc. is a national real estate company with corporate headquarters in Dallas, Texas. Encore develops, acquires, and manages hotels, multi-family communities, retail shopping centers, commercial offices, and restaurants. For more information about Encore Enterprises, visit encorebz.wp.brainvire.dev.

Management of Encore Properties Opened Trading this Morning on the Occasion of its TASE Bonds Listing

Posted on: September 5, 2017 by Arpit Shah

This morning (Monday, September 4), Encore Properties management marked the TASE listing of the company’s bonds by taking part in the Opening Bell ceremony.

Encore Properties operates 23 properties in the US – Multi-Family Housing, Rental apartments and offices, Hotels and Commercial Properties.

In the last 4 years, 23 American real estate companies joined TASE and issued 38 bond series with current market cap of over 17 Billion Shekels. As a result of the raising number of American bond issuers, TASE launched last month a new index, Tel-Bond Global index, which includes shekel bonds of American companies traded on the TASE. The index consist 25 bond series with a total market cap of 14.6 billion shekels.

Encore Commercial, LLC Announces New Multi-Tenant Center in Ardmore, Oklahoma

Posted on: September 5, 2017 by Arpit Shah

(Dallas, TX) September 5, 2017 – Encore Commercial, LLC, a subsidiary of Dallas-based commercial real estate firm, Encore Enterprises Inc., has broken ground on a multi-tenant retail center, located in Ardmore, Oklahoma. Acquired in July 2017, the site is favorably located in close proximity to Interstate 35, and is anchored by Stage, Ross, and Petco. A space of 1,860 square feet with an option for a drive-thru is currently available, lending itself to many possibilities.

“Our goal is to usher in a new development that will be beneficial to the area,” stated Bharat Sangani, Chairman of Encore Enterprises.

Owned by Encore Restaurants, LLC, another division of Encore Enterprises, a Five Guys Burgers and Fries^® restaurant will adjoin the available space, occupying 2,400 SF. This location will be Encore Restaurants’ 12^th Five Guys in the state of Oklahoma and its 42^nd location in the U.S, with other locations existing in California and Colorado.

“We project the Ardmore Five Guys will open in mid-December 2017 and will create approximately 40 to 50 new jobs in the area, something we are quite excited about.” said Dale Doerhoff, President of Encore Restaurants.

Located in south-central Oklahoma, Ardmore is considered to be a gateway city, greeting numerous vacationers and traveling businesspeople alike with its textbook small-town charm. Ardmore is a lively community of about 25,000 people and is also one of the primary centers for business and trade in the region.

“We are pleased with this new development,” said Nicholas Barber, President of Encore Commercial, LLC. “We expect that Ardmore Commons will be a valuable addition for both nearby residents and travelers passing through.”

About Encore Commercial, LLC.
Encore Commercial, LLC focuses on the acquisition, ownership, redevelopment and asset management of retail shopping centers, single tenant retailers, and Class A commercial office buildings across the United States. For more information visit encorebz.wp.brainvire.dev/commercial.

Encore Hospitality Adds Braintree Hotel to Portfolio

Posted on: July 14, 2017 by Arpit Shah

(Braintree, MA) July 13, 2017 – Encore Hospitality, LLC, a subsidiary of Encore Enterprises, Inc., is pleased to announce it has purchased a Hampton Inn hotel in Braintree, Massachusetts. The 4-story, 103-room hotel currently operates as a Hampton Inn, but will be extensively renovated to achieve Hilton brand standards.

“We are excited to acquire this new hotel for our growing portfolio,” said Chairman of Encore Enterprises, Inc. Dr. Bharat Sangani. “By renovating the hotel, we will strengthen our relationship with the Hilton franchise and increase satisfaction for the hotel’s customers.”

Encore plans to invest around $25,000 per room to completely renovate all aspects of the hotel including guest rooms, meeting rooms, lobby, lounge, exterior of the building, landscaping, and the pool area.

Located in Braintree, MA, the Hampton Inn is positioned off of a major intersection that provides convenient access to Downtown Boston as well as Cape Cod.

“Since this property is only one of two Hilton-branded hotels in the entire tri-city of Braintree, Canton, and Quincy, we are creating a better option for customers by renovating,” said Glenn Pedersen, President of Encore Hospitality. “We look forward to investing in the renovation of the hotel so it can add to the amenities offered by Hilton’s incredibly high distribution of units that makes it such a sought-after brand.”

About Encore Enterprises, Inc. – Encore Enterprises, Inc. is a privately owned national real estate company founded in 1999 with corporate headquarters in Dallas, Texas. Encore develops, acquires, and manages hotels, multi-family communities, retail shopping centers, commercial offices, and public-private mixed use developments. For more information, visit Encore Enterprises, Inc., or call (214) 259-7000.

About Encore Hospitality, LLC – Encore Hospitality, LLC is a subsidiary of Encore Enterprises, Inc., and was founded in 1999 as a fully integrated, hospitality acquisition, development and asset management company focusing on the upper mid-priced, nationally branded select-service and full-service hotel sector. For more information, visit Encore Hospitality, LLC, or call (214) 259-7000.

Encore Restaurants, LLC Acquires Denver Area Five Guys Restaurants

Posted on: June 26, 2017 by Arpit Shah

Denver, Colorado (June 26, 2017) — Encore Restaurants, LLC, a subsidiary of Encore Enterprises, Inc. is pleased to announce it has purchased a portfolio of Five Guys Burgers and Fries restaurants in Denver, Colorado. The group has purchased a total of 10 existing stores as well as the development rights to the area.

“We are pleased to be expanding our portfolio into Colorado,” said Dale Doerhoff, President of Encore Restaurants. “The acquisition of the Denver portfolio is part of a larger franchise development strategy and we look forward to expanding into new markets across the country soon.”

Open every day from 11 a.m. to 10 p.m., Five Guys serves award-winning burgers, hot dogs, and fries that are fresh, never frozen, and customizable for any taste with over 250,000 burger options to be ordered. In 2012, Forbes Magazine named Five Guys the fastest-growing restaurant chain in the U.S. Five Guys and has been ZAGAT survey rated every year since 2001. The restaurant beat out two-time leader, In-N-Out Burger for the 2017 Harris Poll EquiTrend Restaurant Brand of the Year award and was also included in PEOPLE’s “100 Reasons to Love America”.

“Since opening the brand to franchising in 2003, the Five Guys brand has grown exponentially” said Bharat Sangani, Chairman of Encore Enterprises. “We hope to grow our portfolio alongside the Five Guys brand and become one of the leading Five Guys franchisees in the nation”

Encore Restaurant now holds a portfolio of 35 stores across California, Oklahoma, and Colorado and development rights to 45 additional stores, for a total portfolio of 80 stores across the three states.

About Encore Enterprises, Inc. – Encore Enterprises, Inc. is a privately owned national real estate company founded in 1999 with corporate headquarters in Dallas, Texas. Encore develops, acquires, and manages hotels, multi-family communities, retail shopping centers, commercial offices, and public-private mixed use developments. For more information about Encore Enterprises, Inc., visit encore.bz or call (214) 259-7000.

About Encore Restaurants, LLC – Encore Restaurants, LLC. develops, owns and manages specific territories of various Full Dining, Fast Casual, and Quick Serve concepts across the United States. For information regarding future development locations, contact Stacey Barber at 228-547-0293.

Encore SoFlo Luxury Apartment Community Groundbreaking Celebrated

Posted on: June 9, 2017 by Arpit Shah

SAN ANTONIO (June 7, 2017) — Encore Multi-Family, LLC President Bradley Miller, Senior Director of Real Estate Services for Greystar, Jill Welborn, City Council District 1 Councilman Roberto Treviño, San Antonio City Manager Sheryl Scully, and Judge Nelson Wolff of Bexar County gathered today to celebrate the groundbreaking of the new Encore SoFlo luxury apartment community.

Located in downtown San Antonio’s Civic Core at the intersection of South Flores St. and Old Guilbeau St., the project is well situated nearby several major employment centers in a fast growing, economically diverse market. The development offers immediate access to major traffic thoroughfares and a variety of nearby amenities for tenants.

“Continued job growth throughout the city of San Antonio has ensured a high demand in multi-family developments,” said Brad Miller, President of Encore Multi-Family. “The City’s commitment to the urban core for residential development and the opening of HEB’s first downtown grocery store have been game changers in promoting a downtown living experience similar to other large cities in Texas.”

The project will include uniquely designed resident amenities and common areas including a pool and spa, dog park, and structured parking garage. Residences will begin leasing Fall of 2018.

“Encore SoFlo residents will be able to take advantage of modern, urban living including living within walking distance of the South Flores Market H-E-B, the River Walk, San Pedro Creek, a variety of entertainment and dining options, and other downtown businesses including the emerging tech district,” said District 1 City Councilman Roberto C. Treviño. “Downtown is a neighborhood for everyone to live, work and play, and I applaud Encore Multi-Family for committing to their first downtown San Antonio residential development, Encore SoFlo.”

Greystar, a global leader in multi-family real estate services, will oversee property management for the development.

“We are delighted to have the opportunity to work with Encore Multi-Family,” said Jill Welborn, Managing Director of Real Estate at Greystar. “Encore SoFlo will be a vibrant community that offers modern apartment homes and unsurpassed amenities.”

Occupancy is currently scheduled for fall 2018, with an anticipated completion date of mid-2019.

About Encore Enterprises
Encore Enterprises, Inc. is a privately owned national real estate investment company founded in 1999 with corporate headquarters in Dallas, Texas. Encore develops, acquires, and manages hotels, multi-family communities, retail shopping centers, and commercial offices. For more information visit encore.bz, or call (214) 259-7000.

One San Antonio
Diverse, internationally connected and globally competitive, San Antonio has a vibrant culture and economy and is consistently ranked among the fastest-growing cities in the United States. America’s seventh-largest city offers opportunities in industries ranging from bioscience, financial services, aerospace, cybersecurity, energy and transportation manufacturing to healthcare. In 2016, San Antonio was named an All-America City by the National Civic League. We are “Military City USA,” home to crucial military commands supported by a patriotic citizenry. We welcome 32.5 million visitors annually who inject $13.4 billion annually into our economy, and UNESCO recently designated the city’s Spanish colonial missions as a World Heritage Site. Celebrating its 300th anniversary in 2018, San Antonio is a city with a storied past and an even brighter future.

Dallas Group Ready to Begin Work on Big Southtown Residential Project

Posted on: June 8, 2017 by Arpit Shah

San Antonio Southtown Residential Development

Dallas-based Encore Enterprises Inc. is now ready break ground on a major residential development near San Antonio’s Southtown district. Crews are expected to begin construction on the more than 330-unit project on Wednesday.

Encore SoFlo will be built on a site near South Flores Street and Cesar Chavez Boulevard — near the H-E-B headquarters.

Ground Broken On New Downtown Apartments

Posted on: June 8, 2017 by Arpit Shah

More apartments are coming to downtown San Antonio.

Encore SoFlo will open fall 2018. The $60 million luxury apartment community in the 300 block of South Flores is one of the many communities drawing families, young professionals and many others to downtown.

As City Manager Sheryl Sculley explained at the groundbreaking Wednesday, it’s a goal city and county leaders have had for years.

“When we adopted this policy in 2012 we set a goal of 7,500 housing units by the year 2020 and with the addition of these more than 300 units, we’re now at 84 percent of our goal,” Sculley said.

Gold’s Gym Announced as Anchor Tenant of South Congress Retail Development

Posted on: May 31, 2017 by Arpit Shah

(Dallas, Texas) May 31, 2017 – Encore Commercial, LLC, a subsidiary of Dallas-based commercial real estate firm, Encore Enterprises Inc., is pleased to announce that Gold’s Gym, the world’s most trusted fitness authority, will serve as anchor tenant of the South Congress Retail Development in Austin, Texas. The property is approximately eight miles south of downtown Austin off Interstate 35 at the intersection of Slaughter Lane and South Congress in Travis County.

The 38,000 square-foot gym will feature GOLD’S STUDIO™, offering boutique style group training programs like GOLD’SFIT™, GOLD’SBURN™ and GOLD’SCYCLE™ along with personal training services and all-access to a complete strength and cardio training floor. It will be the Austin area’s 18^th Gold’s Gym location.

“The high visibility of the location and close proximity to the new HEB supermarket currently under development has resulted in interest from many strong retailers,” said Nicholas Barber, President of Encore Commercial, LLC.

In addition to the newly signed Gold’s Gym, tenants will include Pet Supermarket and Schlotzsky’s.

“We are excited about the opportunity to add Austin to the list of cities with Encore developments,” said Bharat Sangani, Chairman of Encore Enterprises. “We foresee a timely and smooth delivery on the project.”

Encore Commercial estimates to break ground on the development Summer 2017. Dave Burggraaf & David Simmonds of Retail Solutions represented the landlord. Daren Nix of Edge Realty Company & Daniel Taylor of CBRE represented the tenant.

About Encore Commercial, LLC.
Encore Commercial, LLC focuses on the acquisition, ownership, redevelopment and asset management of retail shopping centers, single tenant retailers, and class “A” commercial office buildings across the United States.

About Gold’s Gym
Gold’s Gym has been the world’s trusted fitness authority since 1965. From its humble beginnings as a small gym in Venice, CA, Gold’s Gym has grown into a global icon with more than 700 locations serving 3 million people across 6 continents each day. Featuring personalized transformation plans, state-of-the-art equipment, certified personal trainers, a diverse group exercise program and a supportive, motivating environment, Gold’s Gym delivers the most dynamic fitness experience in the industry. The Gold’s Gym experience recently expanded to include GOLD’S STUDIO™ –which gives members access to boutique style classes like GOLD’SFIT™, GOLD’SCYCLE™ and GOLD’SBURN™…all under the same roof. More than a gym, Gold’s Gym combines coaching, community and more than 50 years of fitness expertise to help people around the world achieve their potential through fitness.

Explore more at Gold’s Studio, like us on Facebook, and follow us on Twitter.

Encore Restaurants Celebrates Grand Opening of Five Guys in Enid, OK

Posted on: May 23, 2017 by Arpit Shah

(Enid, OK) May 23, 2017 – Encore Restaurants, LLC, a subsidiary of the Dallas-based Encore Enterprises, Inc., is excited to announce the opening of its newest Five Guys Burgers and Fries restaurant today. The restaurant is located at 4334 E Owen Garriott in Enid, OK, and is the thirty-fifth Five Guys restaurant to be owned and managed by Encore Restaurants, LLC in a continued brand expansion.

“The location in Enid is the eighth Five Guy’s in Oklahoma,” said Chairman of Encore Enterprises, Inc. Dr. Bharat Sangani. “We are pleased to continue our expansion into Oklahoma and look forward to opening the other four locations currently under development in the state.”

Open every day from 11 a.m. to 10 p.m. Five Guys serves award-winning burgers, hot dogs, and fries that are fresh, never frozen, and customizable for any taste with over 250,000 burger options to be ordered. In 2012, Forbes Magazine named Five Guys the fastest-growing restaurant chain in the U.S. Five Guys has been ZAGAT survey rated every year since 2001 and has been named one of the top Readers’ choices for fast-casual restaurants in 2014 by Consumer Reports.

“The city of Enid has been a pleasure to work with during this development,” said Dale Doerhoff, President of Encore Restaurants. “We are pleased to present Five Guy’s award-winning menu to the residents of Enid.”