Your Trusted Houston Commercial Real Estate Brokerage

Viking Enterprise LLC is part of eXp Commercial, an agent-led, cloud-based commercial real estate brokerage with agents across the globe.

Your Trusted Katy / Fulshear & Houston Commercial Real Estate Brokerage

Viking Enterprise LLC is part of eXp Commercial, an agent-led, cloud-based commercial real estate brokerage with agents across the globe.

Looking to invest, buy, sell or lease? We can help.

Looking to invest, buy, sell or lease? We can help.

OUR FEATURED TENANTS & CLIENTS

eXp Commercial - Viking Enterprise Team's real estate network provides unparalleled commercial real estate services to Tenants and Landlords around the Katy- Houston area. Our knowledge, experience, and reputation sets us apart from many firms.


A commercial property owner might have various plans that would necessitate the services of a commercial real estate broker. Some of the common scenarios include:

1. Selling the Property: If the owner decides it’s time to sell the property, a commercial real estate broker can help determine the market value, market the property effectively, and negotiate with potential buyers to get the best possible price.

2. Leasing Space: For property owners looking to lease out part or all of their commercial space, a broker can help find suitable tenants, negotiate lease terms, and ensure the lease agreements meet all legal requirements and serve the owner’s best interests.

3. Acquiring More Properties: Owners looking to expand their portfolio would benefit from a broker's knowledge of the market, access to listings, and negotiation skills to secure additional properties at favorable terms.

4. Property Management: While not all brokers offer this service, some commercial real estate brokers or their affiliates offer property management services. This can be particularly appealing for owners who prefer a hands-off approach or are managing properties from a distance.

5. Market Analysis: Owners considering future developments, renovations, or rebranding of their property might engage a broker for a comprehensive market analysis. This helps in understanding current market trends, the demand for different types of spaces, and potential returns on investment for various strategies.

6. Refinancing: In situations where a property owner is looking to refinance their property, a commercial real estate broker can provide valuable insights into the property’s current market value, assist in gathering necessary documentation, and even help in finding the best financing options.

7. Partnership or Investment Opportunities: Owners interested in exploring partnerships, joint ventures, or seeking investors for expansion or development projects might use a broker to find and vet potential partners or investors.

8. Consulting on Zoning and Use Changes: When contemplating a change in the use of the property or dealing with zoning issues, a broker with experience in local regulations and the specific property type can provide guidance and strategic planning assistance.

9. Exit Strategy Planning: For owners looking to plan an exit strategy from their investment, whether it’s through a strategic sale or a gradual winding down of operations, brokers can provide market insights, timing advice, and valuation services to optimize the exit process.

In any of these scenarios, the expertise and services provided by a commercial real estate broker can save the property owner time and money, while also providing access to a wider network of potential buyers, tenants, and industry professionals. Give us a call today!

Reviews

💡 Mall Redevelopment: How CRE Is Capitalizing on Retail Shifts 🛍️

🏢 The Future of Retail Spaces After Forever 21's Exit 💼

March 27, 20252 min read

🏢 The Future of Retail Spaces After Forever 21's Exit 💼

💡 Mall Redevelopment: How CRE Is Capitalizing on Retail Shifts 🛍️

The retail landscape is shifting rapidly, and shopping malls are at the heart of that transformation. Once the pinnacle of suburban consumerism, malls are now adapting to a world where e-commerce, changing consumer habits, and market forces are rewriting the rules. But don’t count them out yet—many mall owners are seeing new opportunities, especially in the wake of brands like Forever 21 announcing closures of all 360 of their U.S. stores.

Why Forever 21's Exit Might Be a Good Thing 🧾

While the closure of a major national retailer like Forever 21 might seem like bad news, mall owners aren’t panicking. In fact, many are viewing it as a fresh opportunity. These once-cheap leases are being replaced by more financially stable, experience-focused tenants that are willing—and able—to pay market rent.

Landlords are looking beyond fast fashion and welcoming in a new generation of tenants, such as:

  • Boutique fitness studios 🏋️

  • Local artisan markets 🎨

  • Food halls and chef-driven restaurants 🍽️

  • Medical and wellness centers 💉

These replacements not only generate higher rent but also drive consistent foot traffic and create a more dynamic tenant mix.

The Modern Mall: A Hub for Experience 🌆

Today’s malls aren’t just about shopping—they’re transforming into lifestyle centers. Think coworking spaces, apartments, entertainment venues, and immersive pop-up events. Developers are repurposing struggling retail centers into:

  • Mixed-use developments

  • Logistics hubs

  • Fulfillment centers

  • Community gathering spaces

This evolution is a response to how people live, work, and shop today. And it’s not just a trend—it’s the future of commercial real estate.

CRE Opportunity: The Silver Lining for Investors 💼

For commercial real estate investors, this retail evolution presents a big opportunity:

  • Reposition older malls into mixed-use destinations

  • Acquire undervalued retail assets in prime locations

  • Attract high-quality tenants through strategic renovations

As Forever 21 and other outdated tenants make their exit, savvy CRE investors and developers can step in and reshape the story.


https://www.houstonrealestatebrokerage.com/

https://www.houstonrealestatebrokerage.com/houston-cre-navigator

https://www.commercialexchange.com/agent/653bf5593e3a3e1dcec275a6

http://expressoffers.com/[email protected]

https://app.bullpenre.com/profile/1742476177701x437444415125976000


© 2023-2024 Bill Rapp, Broker Associate, eXp Commercial Viking Enterprise Team


shopping mallsretail spacesretail real estate investingmall redevelopmentcommercial real estateForever 21 closure
blog author image

Bill Rapp, CRE Broker

I am a Houston commercial broker, with residential experience, as well as a lending background. I have been in the real estate industry for 14 years and counting, and I have worked in many roles within the industry and each has given me a unique perspective of the industry as a whole. My dedication to clients is rooted in this industry knowledge, but also includes my desire to go the extra mile in networking to source off market opportunities for my clients. Me and my team at eXp Commercial have a cutting-edge technology package that gets the widest exposure for each transaction. eXp Commercial offers a nationwide network through which we can deliver the best exposure and professional advice to achieve our clients’ goals while also minimizing their risk. Clients appreciate my methodical method of discovery in our initial consultation. Through which we can get to know each other and their specific’s business’s needs and objectives on a granular level. Our processes help navigate each transaction and its potential pitfalls through to a successful outcome for our clients. It is my stated goal to provide our clients with extensive market analysis and expertise that fosters innovative solutions and rewarding commercial real estate opportunities.

Back to Blog

eXp Commercial - Viking Enterprise team real estate network provides unparalleled commercial real estate services to Tenants and Landlords around the greater Katy & Houston MSA area. Our knowledge, experience, and reputation sets us apart from many firms.

A commercial property owner might have various plans that would necessitate the services of a commercial real estate broker. Some of the common scenarios include:

1. Selling the Property: If the owner decides it’s time to sell the property, a commercial real estate broker can help determine the market value, market the property effectively, and negotiate with potential buyers to get the best possible price.

2. Leasing Space: For property owners looking to lease out part or all of their commercial space, a broker can help find suitable tenants, negotiate lease terms, and ensure the lease agreements meet all legal requirements and serve the owner’s best interests.

3. Acquiring More Properties: Owners looking to expand their portfolio would benefit from a broker's knowledge of the market, access to listings, and negotiation skills to secure additional properties at favorable terms.

4. Property Management: While not all brokers offer this service, some commercial real estate brokers or their affiliates offer property management services. This can be particularly appealing for owners who prefer a hands-off approach or are managing properties from a distance.

5. Market Analysis: Owners considering future developments, renovations, or rebranding of their property might engage a broker for a comprehensive market analysis. This helps in understanding current market trends, the demand for different types of spaces, and potential returns on investment for various strategies.

6. Refinancing: In situations where a property owner is looking to refinance their property, a commercial real estate broker can provide valuable insights into the property’s current market value, assist in gathering necessary documentation, and even help in finding the best financing options.

7. Partnership or Investment Opportunities: Owners interested in exploring partnerships, joint ventures, or seeking investors for expansion or development projects might use a broker to find and vet potential partners or investors.

8. Consulting on Zoning and Use Changes: When contemplating a change in the use of the property or dealing with zoning issues, a broker with experience in local regulations and the specific property type can provide guidance and strategic planning assistance.

9. Exit Strategy Planning: For owners looking to plan an exit strategy from their investment, whether it’s through a strategic sale or a gradual winding down of operations, brokers can provide market insights, timing advice, and valuation services to optimize the exit process.

In any of these scenarios, the expertise and services provided by a commercial real estate broker can save the property owner time and money, while also providing access to a wider network of potential buyers, tenants, and industry professionals. Give us a call today!

Find the perfect location for your business.

Let us help your business succeed.

💡 Mall Redevelopment: How CRE Is Capitalizing on Retail Shifts 🛍️

🏢 The Future of Retail Spaces After Forever 21's Exit 💼

March 27, 20252 min read

🏢 The Future of Retail Spaces After Forever 21's Exit 💼

💡 Mall Redevelopment: How CRE Is Capitalizing on Retail Shifts 🛍️

The retail landscape is shifting rapidly, and shopping malls are at the heart of that transformation. Once the pinnacle of suburban consumerism, malls are now adapting to a world where e-commerce, changing consumer habits, and market forces are rewriting the rules. But don’t count them out yet—many mall owners are seeing new opportunities, especially in the wake of brands like Forever 21 announcing closures of all 360 of their U.S. stores.

Why Forever 21's Exit Might Be a Good Thing 🧾

While the closure of a major national retailer like Forever 21 might seem like bad news, mall owners aren’t panicking. In fact, many are viewing it as a fresh opportunity. These once-cheap leases are being replaced by more financially stable, experience-focused tenants that are willing—and able—to pay market rent.

Landlords are looking beyond fast fashion and welcoming in a new generation of tenants, such as:

  • Boutique fitness studios 🏋️

  • Local artisan markets 🎨

  • Food halls and chef-driven restaurants 🍽️

  • Medical and wellness centers 💉

These replacements not only generate higher rent but also drive consistent foot traffic and create a more dynamic tenant mix.

The Modern Mall: A Hub for Experience 🌆

Today’s malls aren’t just about shopping—they’re transforming into lifestyle centers. Think coworking spaces, apartments, entertainment venues, and immersive pop-up events. Developers are repurposing struggling retail centers into:

  • Mixed-use developments

  • Logistics hubs

  • Fulfillment centers

  • Community gathering spaces

This evolution is a response to how people live, work, and shop today. And it’s not just a trend—it’s the future of commercial real estate.

CRE Opportunity: The Silver Lining for Investors 💼

For commercial real estate investors, this retail evolution presents a big opportunity:

  • Reposition older malls into mixed-use destinations

  • Acquire undervalued retail assets in prime locations

  • Attract high-quality tenants through strategic renovations

As Forever 21 and other outdated tenants make their exit, savvy CRE investors and developers can step in and reshape the story.


https://www.houstonrealestatebrokerage.com/

https://www.houstonrealestatebrokerage.com/houston-cre-navigator

https://www.commercialexchange.com/agent/653bf5593e3a3e1dcec275a6

http://expressoffers.com/[email protected]

https://app.bullpenre.com/profile/1742476177701x437444415125976000


© 2023-2024 Bill Rapp, Broker Associate, eXp Commercial Viking Enterprise Team


shopping mallsretail spacesretail real estate investingmall redevelopmentcommercial real estateForever 21 closure
blog author image

Bill Rapp, CRE Broker

I am a Houston commercial broker, with residential experience, as well as a lending background. I have been in the real estate industry for 14 years and counting, and I have worked in many roles within the industry and each has given me a unique perspective of the industry as a whole. My dedication to clients is rooted in this industry knowledge, but also includes my desire to go the extra mile in networking to source off market opportunities for my clients. Me and my team at eXp Commercial have a cutting-edge technology package that gets the widest exposure for each transaction. eXp Commercial offers a nationwide network through which we can deliver the best exposure and professional advice to achieve our clients’ goals while also minimizing their risk. Clients appreciate my methodical method of discovery in our initial consultation. Through which we can get to know each other and their specific’s business’s needs and objectives on a granular level. Our processes help navigate each transaction and its potential pitfalls through to a successful outcome for our clients. It is my stated goal to provide our clients with extensive market analysis and expertise that fosters innovative solutions and rewarding commercial real estate opportunities.

Back to Blog

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Let us help your business succeed.

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27815 Astoria Brook Ln

Katy, TX 77494 USA


9600 Great Hills Trail, Suite 150w Austin, TX 78759 |
855.450.0324 xx255

Texas Real Estate Commission Consumer Protection Notice Texas Real Estate Commission

Information About Brokerage Services eXp Commercial LLC #9010212

Viking Enterprise LLC #9009614

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27815 Astoria Brook Ln

Katy, TX 77494 USA

901 S Mopac Expwy, Bldg 2, Suite 350 Austin, TX 78746 | 512.474.5557Texas Real Estate Commission

Consumer Protection Notice Texas Real Estate Commission Information About Brokerage Services Reliance Retail, LLC #603091

Texas RS, LLC #9003193 | RESOLUT RE Is Licensed In Louisiana #0995694083