About McClung Properties


Neill McClung  -  512-785-6810  -  Mcclungneill@gmail.com

Neill McClung is the Principal and Broker of McClung Properties, Inc.

Previously he served as the Managing Director for KW Commercial's NW Market Center in Austin, Texas.  In his first year with KW Commercial, he was in the top 100 producing commercial brokers for all of KW Commercial nationally.  

Recent closings include:

Represented Landlord in the 6-year lease of a Dental Office Condo in Hutto, Texas.

Represented the family trust seller of 15th and San Antonio. The property has been a parking lot for decades.

Represented the buyer purchasing Brushy Creek Commons, a multi-tenant retail center in the Round Rock ETJ.

Represented the seller for 1620-1624 Lavaca. The property at 17th and Lavaca has been a parking lot for 40+ years.

Represented the buyer of 6104 South 1st Street in Austin.
The property is a professional multi-tenant single story building, and 100% occupied.

Represented the buyer for a retail center in Midland, TX.

Represented the 1031 buyer for multiple occupied Legends condominiums in Round Rock.

Represented seller of 821 Grand Avenue Parkway, Building # 3 (office park) in Pflugerville.

Represented seller of 69-acres paper lots for residential development in Manor.

Represented seller of 75 acres for commercial development on Westinghouse Road in Georgetown.

Represented buyer on purchase of 20 acres for office condo development on Loop 250 and Lamesa Highway, Midland, TX.

Represented seller of office building in Pflugerville.

Represented the buyer of 11 lots for residential development in Lakeway.

Represented the owner of a 6,000sf multi-tenant building in Dripping Springs in the sale to two doctors.

Represented the buyer in the purchase of three pad sites for build to suits in Dripping Springs.

Represented buyer for 3,600 s.f. medical/office building in Georgetown Texas, and

Represented buyer for 2 retail pad sites on RR 620 at the Lakeway Regional Medical Center.

McClung provides commercial real estate investment brokerage, including acquisitions and sales, REOs, partnerships and joint ventures / private placements, as well as property leasing and management.

Neill McClung works directly with hundreds of real estate agents and owners specializing in all commercial products - including multifamily, office, retail, development, land, industrial and hotel/special use. 

Neill McClung has strong relationships with all the major commercial real estate brokerage companies in the State.  This provides an advantage to acquisition opportunities early and often off-market.

Mr. McClung is a licensed real estate broker in Texas, and a General Partner for income partnerships.  

Neill McClung is both an Austin local and a nation-wide commercial real estate broker with significant properties  managed, bought/sold, and leased in California, Arizona, Oklahoma and Nevada.

Mr. McClung's past experience as an executive with Heitman and Midland Red Oak offer the leadership and management skills needed to successfully direct and close sophisticated commercial real estate projects.


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McClung Properties, Inc. often assists clients with 1031 and other Tax Deferred Exchanges.

Neill McClung recommends Greg Lehrmann, with Asset Preservation, Inc. for your 1031 exchange business.  

Greg is an attorney and the Texas/Oklahoma Division Manager for Asset Preservation, Inc., a subsidiary of Stewart Title Company.  Mr. Lehrmann is a "Qualified Intermediary" and has handled over 140,000 exchanges throughout the country.


To Contact Greg Lehrmann:

phone - (512) 551-4232, email - greg@apiexchange.com

5604 Southwest Parkway, Suite 3234
Austin, Texas 78735


For more information on the many tax-deferred exchanges available through Asset Preservation, Inc. - please visit their website at:

http://apiexchange.com/

      Compliments of Greg Lehrmann
A §1031 Qualified Intermediary      

Combine Reverse & Delayed Exchange for 360 Days 

Tax-deferred exchanges have been part of the U.S. Tax Code since 1921. Since that time, the government has approved certain methods to structure exchange transactions that are so called “safe harbors.” For example, in 1991 the U.S. Treasury issued final regulations that provided important guidance on the structure of delayed exchanges, including guidance regarding the 45-day identification period and 180-day exchange period set forth in Section 1031 and other procedural requirements. On September 15, 2000, the Internal Revenue Service released Revenue Procedure 2000-37 that provided guidelines for structuring reverse exchanges (a transaction in which replacement property is acquired by an accommodating party before the sale of the relinquished property, and held as replacement property to complete the exchange).

A replacement property may be acquired and held (sometimes called “parked”) by the accommodating party for up to 180 calendar days. The IRS provided guidance (See ILM 200836024) approving the combination of a reverse parking arrangement exchange and a forward delayed exchange resulting in two sequential 180-day exchange periods associated with one exchange transaction. Read more… 



Foreign Trade Zones are among the many attractions to Central Texas.  For more information on FTZ's, please visit:

http://www.governor.state.tx.us/files/ecodev/TexasFTZs.pdf


McClung Properties Mission Statement


McClung Properties, Inc. is a specialist commercial real estate firm offering investment brokerage, buyer representation and partnerships for acquisition of single tenant, value-added income properties and land investments in growth corridors, 1031 tax differed exchanges, and long term appreciation holds.


Notable recent examples include Lake Creek Square Center in Round Rock, Texas Heritage Plaza in Georgetown, and three office buildings in the Arbor Business Center in Dripping Springs.  McClung lists unique opportunities, most of which are not publicized until closing, for example, Northcross Mall and land tracts on Westinghouse Road.


McClung Properties was ranked in the Top 25 Commercial Real Estate Brokerage Firms by the  Austin Business Journal, for 2006 and 2007. 


Neill McClung was a Senior Vice President with Heitman Financial for 10 years with a 6 million square foot portfolio of institutional office properties in major markets across the U.S.  Prior to moving to Austin, he started and grew a start-up southwestern acquisition company to $200 million of high profile reposition mixed-use and retail properties. As CEO, he was responsible for leasing and managing 3 million square feet of owned properties and another 3.5 million square feet of third party managed properties with over 160 employees.  


Mr. McClung also has significant brokerage experience at the national level working for 10+ years at Heitman Financial, managing over 300 employees and 8 million square feet of institutional office repositions. 

The national and regional experience of McClung Properties lends a valuable perspective for our clients.  


To maximize client and partnership investments, McClung Properties, Inc. also offers full-service Property Management, Bookkeeping and Leasing. 
 
For our clients and owners, we have experience facilitating repairs, managing accounts and invoices, collecting rents, generating monthly reports on income and expenses, and bookkeeping include account management, deposits, payment of expenses, and year-end reports to be provided to you tax professional.


We have the business and financial professionals to provide you with monthly reports that are accurate, detailed, and timely. 

We strive for retention and satisfaction of existing tenants, coordinating service with vendors, marketing for leasing of vacant space and/or property sales, all at competitive rates. Our goal is to maximize our client's investments and provide over-all owner satisfaction.

If you are interested in our property management and leasing/listing services, please call Neill McClung at 512-785-6810 or by at mcclungneill@gmail.com


Neill McClung's Bio


Recent Closings:

- Represented the seller for 1620-1624 Lavaca.
The property at 17th and Lavaca has been a parking lot for 40+ years.

- Represented the buyer of 6104 South 1st Street in Austin. The property is a professional multi-tenant single story building, and 100% occupied.

- Represented seller of 75 acres for commercial development on Westinghouse Road in Georgetown.

- Represented seller of 60 acres in Manor for residential subdivision.

- Represented seller of office building in Pflugerville.

- 2 commercial pad-sites at the new Lakeway Regional Medical Center, with great visibility and access from Ranch Road 620.  Represented buyer.

- The "Austin Avenue" building, a 3,600 s.f. medical/office building near the San Gabriel river and Georgetown's downtown / courthouse square.  Represented Buyer. 

- Midland Office Development Land, 5 acres, Partner.

- 3 commercial pad sites in the heart of Dripping Springs' new "downtown" development. Represented buyer in bank-seller transaction.

- 10 lots in Briarcliff, represented buyer/home-builder relocating from California.

- 10 lots in Lakeway, represented buyer/home-builder.

- 2,500 s.f. lease to Austin Title Company (owned by Fidelity), at 901 Cypress Creek Boulevard in Cedar Park. Represented Landlord.



To Contact Neill McClung:

2918 RR 620 North, Suite 172
Austin, Texas 78734

Cell: (512) 785-6810
Direct: (512) 266-9501

Mcclungneill@gmail.com

Buyers Needs


View Current Buyers' Flyer
NEED TO BUY: 5-20 Acres for Retail Centers

Location: Austin Area
Type: Retail Development Land

Details: Developer looking for 5-20 acres for retail center in Austin MSA. Needs to be located close to retail anchors and density. Must have residential back-up built and occupied.

NEED: Lakeway/Hill Country Galleria/Dripping Springs and South Congress Commercial Properties

Location: West Austin
Type: All property types

Details: Cash buyer looking to purchase OFF market commercial properties in Dripping Springs, Lakeway, Bee Caves around Hill Country Galleria and South Congress. All property types considered.

NEED TO BUY: Long-term leased medical or professional office

Location: Austin MSA
Type: Medical Office

Details: Repeat 1031 buyer for $500,000-$1,000,000 long term leased or sale/leaseback. Austin MSA medical or professional office - 7% cap w/ annual steps on 3 year leases.

Working with well-funded hard money lender

Location: Nationwide
Type:

Details: Working with well-funded hard money lender. From $1 - 25 million in as little as 1-2 weeks. Typically 6-24 months interest only, and few if any covenants. Completed over $1 billion in transactions in the last five years.

NEED TO BUY: Austin MSA ? NNN tenants or Sale/Leasebacks ? $1-10 million

Location: Austin Area
Type: Office or Retail NNN Property

Details: Buying sale/leasebacks in Austin MSA. Must be true NNN with no landlord maintenance responsibilities. 6% cap on current NOI with rates increases. 5- 10 year leases. $1 ? 10 million.

NEED TO BUY: Well-located Retail Centers ? Texas Major Markets

Location: Texas Cities
Type: Retail Center

Details: Have a well-funded buyer with track record looking for retail centers in major Texas markets, inner loop, core intersections, and high income. Local tenant mix is acceptable.

NEED TO BUY: Value-Add Retail Centers ? Texas Cities

Location: Texas Cities
Type: Retail Center

Details: Texas fund buyer for value add retail centers either by lease up and/or major reposition. Secondary or tertiary markets and local tenant mix is acceptable. Also, has a development arm for larger land tracts suitable for anchored centers in less dense areas in the path of growth.

NEED TO BUY: Local Retail Centers in California - $4 million

Location: California - Small Cities and Towns
Type: Local Retail Center

Details: Have 1031 exchange buyer for local retail centers in California, up to $4 million. Interested in small, affluent markets (10,000 population), close to larger cities (500,000 population). Please send all possibilities.


    

Title: Land in Leander TOD - UNDER CONTRACT



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Land in Leander TOD - UNDER CONTRACT Flyer (PDF Format)
Title: Land in Leander TOD - UNDER CONTRACT



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Land in Leander TOD - UNDER CONTRACT Flyer (PDF Format)

     

Title: Leander Retail/Office Building



Price: $450,000.00  Type: Retail/Office Building  Size: 1,218 SF

Leander Retail/Office Building Flyer (PDF Format)
Title: Leander Retail/Office Building



Price: $450,000.00  Type: Retail/Office Building  Size:1,218 SF
Leander Retail/Office Building Flyer (PDF Format)
Title: Title: 915 Ranch Road 620 South



Price: $900,000  Type: Professional Office Building  Size:1,745 square feet
915 Ranch Road 620 South Flyer (PDF Format)

     

Title: Wes Tex Office Building - FOR SALE



Price: $3,900,000  Type:   Size:

Wes Tex Office Building - FOR SALE Flyer (PDF Format)
Title: Wes Tex Office Building - FOR SALE



Price: $3,900,000  Type:   Size:
Wes Tex Office Building - FOR SALE Flyer (PDF Format)

    

Title: Grand Avenue Office Park - FOR LEASE



Price: see flyer  Type: Office Building  Size:

Grand Avenue Office Park - FOR LEASE Flyer (PDF Format)
Title: Grand Avenue Office Park - FOR LEASE



Price: see flyer  Type: Office Building  Size:
Grand Avenue Office Park - FOR LEASE Flyer (PDF Format)

   

Title: 5002-5006 Hamilton Road



Price: $750,000.00  Type: Development Land  Size: 0.96 Acres

5002-5006 Hamilton Road Flyer (PDF Format)
Title: 5002-5006 Hamilton Road



Price: $750,000.00  Type: Development Land  Size:0.96 Acres
5002-5006 Hamilton Road Flyer (PDF Format)

   

Title: Cedar Park - Land for Sale



Price: $2,250,000  Type: Land  Size: 10 Acres

Cedar Park - Land for Sale Flyer (PDF Format)
Title: Cedar Park - Land for Sale



Price: $2,250,000  Type: Land  Size:10 Acres
Cedar Park - Land for Sale Flyer (PDF Format)



Title: Windy Point - Austin Business Journal Article



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Windy Point - Austin Business Journal Article Flyer (PDF Format)
Title: Windy Point - Austin Business Journal Article



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Windy Point - Austin Business Journal Article Flyer (PDF Format)



Title: Current Buyer Needs & Listings



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Current Buyer Needs & Listings Flyer (PDF Format)
Title: Current Buyer Needs & Listings



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Current Buyer Needs & Listings Flyer (PDF Format)



Title:



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Flyer (PDF Format)
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Title: Elgin Land - FOR SALE - JUST REDUCED!



Price: $1,200,000  Type: Land  Size: 10 - 75 Acres

Elgin Land - FOR SALE - JUST REDUCED! Flyer (PDF Format)
Title: Elgin Land - FOR SALE - JUST REDUCED!



Price: $1,200,000  Type: Land  Size:10 - 75 Acres
Elgin Land - FOR SALE - JUST REDUCED! Flyer (PDF Format)



Title: Information About Brokerage Services



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Information About Brokerage Services Flyer (PDF Format)
Title: Information About Brokerage Services



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Information About Brokerage Services Flyer (PDF Format)

The History of McClung Properties


PRIOR TRANSACTIONS

List of Austin-Area Properties bought or sold by McClung Properties, Inc.:

Brushy Creek Commons, a multi-tenant retail center, Round Rock ETJ.
Parking lot at 15th and San Antonio, Capitol District, Austin, TX
Vacant development land in downtown Austin, TX
Multi-tenant single story building, Austin, TX
Retail/Office Building in Midland, TX
821 Grand Avenue Parkway, Building 3, Pflugerville, TX
69-acres of paper lots for residential development in Manor, TX
75 acres for commercial development on Westinghouse Road in Georgetown, TX
20 acres for office condo development on Loop 250 and Lamesa Highway, Midland, TX
60 acres for residential subdivision in Manor, TX
Office building in Pflugerville, TX
2 Retail Pad Sites, part of new Regional Hospital, Lakeway, TX
Office/Medical Building in Georgetown, TX
Office/Medical Building in Dripping Springs, TX
Austin Title Lease on Cypress Creek Rd, Cedar Park, TX
5 Acre Office Development Land in Midland, TX
Three Retail Pad Sites, Georgetown, TX
Texas Heritage Plaza, Georgetown, TX
Multi-Tenant Office Bldg, Georgetown, TX
Multi-Tenant Office Bldg, Georgetown, TX
Entitled Commercial Land, Georgetown, TX
Texas Heritage Plaza, Georgetown, TX
2 unit Office Condo Bldg Georgetown, TX
Windsor Village Shopping Center
Lake Creek Plaza, Round Rock, TX
Cambridge Office Condo, Austin, TX
Franklin Bank Bld on Slaughter/Manchaca, Austin, TX
Village Lake Office Condo Bld 7, Georgetown, TX
Village Lake Office Condo 803, Georgetown, TX
Westinghouse Road 95.5 Acres, Georgetown, TX
1500 W University Office Building, Georgetown, TX
The Arbor Center, Dripping Springs, TX
Village Lake Office Condo 1004, Georgetown, TX
Round Rock East Center
Brusy Creek Commons, Round Rock, TX
Northcross JV, Austin, TX
J. Harris Pad at Northcross - Austin, TX
Northcross Pad Sales (Schlotskys & ABC Bank)
3609 Williams Drive, Georgetown, TX
Shady Hollow Office Condo
7001 N IH-35 Land
901 Cypress Creek Office Condo, Cedar Park, TX
Stonegate Office Condo
Westinghouse Road Land, Georgetown, TX
Steele Land Tract, Georgetown, TX
13740 Research Blvd Building E Units 1&2
800 Hwy 290 W Building B The Arbor Center, Dripping Springs, TX
9 Unit Office Condo Portfolio
Building A The Arbor Center, Dripping Springs, TX
Building B The Arbor Center, Dripping Springs, TX
Jonestown Retail Center on FM 1431, North Shore Lake Travis, TX


TOTAL  	875,000+ s.f.  	Amount: Over $98 Million closed.


List of Properties Bought or Sold by Neill McClung for Midland Red Oak Realty (MRO):

Woodhill Building - Midland, TX
Trinity Professional Center - Midland, TX
La Placita Building # 9 - Tucson, AZ
Forrest Oil Building - Midland, TX
Victoria Mall - Victoria, TX
Plaza Oaks - Midland, TX
San Miguel Square - Midland, TX
Town & Country - Odessa, TX
Southwest Plaza - San Angelo, TX
River Oaks Village - Abilene, TX
Colonnade at Polo Park - Midland, TX
Madera Village - Tucson, AZ
Bear Canyon - Tucson, AZ
Plaza Palomino - Tucson, AZ
Bears Path - Tucson, AZ
Reunion Center - Tulsa, OK
Century Plaza Building - Midland, TX
50 Penn Place - Oklahoma City, OK
Independence Plaza - Midland, TX
The Plaza - Tulsa, OK
Crossroads Mall - San Antonio, TX
La Placita - Tucson, AZ
Trinity Towers - Midland, TX

TOTAL	3,700,000  s.f.     Amount:  Over $150 million closed.


List of Properties Managed and Bought or Sold by Neill McClung for Heitman Financial:

Paragon Building, Midland, Texas           
Negotiated a lease with Atlantic Richfield Co. for the entire building.

Hightower Building, Midland, Texas
One year later negotiated an 80,000 square foot lease with Pioneer Natural Resources.

One City Center, St. Louis, Missouri
In 1991 Neill took One City Center, a 375,000 s.f.office building located above St. Louis Center from 20% to 90% occupancy. Leases negotiated included Blue Cross/Blue Shield (107,000 s.f.); Deloitte & Touche (36,500 s.f.); & the Shepard, Phoenix law firm (20,000 s.f.) Major competition was a new Metropolitan Life Building and the CBD during a period where tenants were migrating to the suburbs.

2700 North Central Building, Phoenix, Arizona
Leased 2700 North Central to stability in the weakest sub-market In Phoenix while rates in the overall market dropped. Leases were Structured for shorter terms with free rent up front and higher lease Rates so as to hold value and allow leases to roll as the market Recovered. Some of the major tenants were Xerox and Compaq.

Phoenix, Arizona
Supervised tenant retention in Kenney's Distribution Center (500,000 s.f.) & Honeywell Robotics Tech Center (300,000 s.f.)

Bank of America Plaza, Reno, Nevada
Took property from 70% to 90% occupancy at increased rates (including Federal Judges and large law firms) while new Federal Courthouse was being constructed adjacent to the Bank of America Plaza. Mr. McClung converted a vacant ground floor space to a  10,000 square foot upscale restaurant, Adele's at the Plaza.


References


Neill McClung		 (512)785-6810(c); (512)266-9501(o)  mcclungneill@gmail.com

EDUCATION
MBA in Management, BBA in Accounting

AFFILIATIONS
Texas/National Association of Realtors (TAR/NAR)  

KEY SKILLS
Work closely with board of directors to build successful organization.  Direct decisions for property acquisition and dispositions.  Successfully create value for owners through astute purchase, creative leasing and knowledgeable management of office, retail and industrial properties.  Specialist in revitalizing and turning around commercial properties.

EXPERIENCE:

2003-Present		McClung Properties, Inc., Principal/Broker
Independent investment broker.  Buyer representative with Austin, Midland, Dallas/Ft Worth client base.  Work with trust individual and institutional buyers, and 1031 Exchanges.  Dramatically grow portfolios through acquisitions and property improvements.  Effectively drive change and growth through innovation, trust and consensus building.  Closed $11 Million in 2005, over $42 Million in 2006, and $27 Million in 2007.

2011-2015            KW Commercial
Managing Director
Affiliated with KW Commercial for international platform and systems.  Managing Director at the Northwest Austin Branch Office.  As Managing Director, Neill built the Austin, Texas Northwest Market Center's commercial team from scratch to over 40 agents 

1993-2003		Midland Red Oak Realty, Inc., CEO/Director
Guided the growth and startup of Midland Red Oak Realty, Inc. (a real estate subsidiary of Southwest Royalties, Inc.) into a $200 million company in five years with over 165 employees.  As President Neill was responsible for acquisitions, leasing, repositioning, development, disposition and property value enhancement activities.  Developed broker relations and agent recruiting.  Directed due diligence and acquisitions of over 3,900,000 square feet of office and retail properties throughout the Southwest.  Oversaw all brokerage transactions related to dispositions and portfolio leasing activity.

1983-1993		Heitman Properties, Ltd., Senior Vice President
Started with Heitman as Leasing Manager in Midland, Texas and became Senior Vice President overseeing 7,000,000 square foot portfolio of office and turnaround assets located in a seven state region.  His responsibilities included formulating and implementing marketing and capital improvement budgets and programs; negotiation of major lease transactions; civic and brokerage public relation programs and investor reporting.  Neill was directly responsible for more than 80 employees including asset managers, leasing managers, and property managers.

DEVELOPMENT:
Red Oaks:   380+ acres in Midland platted as residential & commercial. Directed completion of Entitlements, FEMA, and disposition (sold in late 2002).
Saddle Club East:   32.47 acres, 49 residential lots in Midland.  Fully developed.
Lewisville, Texas:    90 acres residential & commercial, fully developed & sold (1998-2001).
Austin:  Development of Multiple Pad Sites
Tucson, AZ:  Development of Multiple Pad Sites

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