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 the buyer of 11 lots for redesidential development in Lakeway.

Represented the owner of a 6,000sf multitenant 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.

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

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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Lakeway, with the recent opening of The Lakeway Regional Medical Center, is the current focus for single tenant acquisitions with minimal landlord responsibilities.

http://www.lakewayregional.com/


Oil markets are also a current interest - including Houston, Midland, Tulsa/Oklahoma City, Fort Worth, Denver and Corpus Christi.

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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/




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:

- 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:

mail and office address:

2918 RR 620 North, Suite 172
Austin, Texas 78734

Cell: (512) 785-6810
Direct: (512) 266-9501
Fax: (512) 346-9634

Mcclungneill@gmail.com

Buyers Needs


View Current Buyers' Flyer
BUY: NNN Tenants or Sale/Leasebacks - $1-10M

Location: Austin MSA
Type: Retail/Office

Details: Buying sale/leasebacks in Austin MSA. Must be true NNN with no landlord maintenance responsibilities. 7% cap on current NOI with rate increases. 10 year leases. $1-10 million. Looking for occupied credit tenant buildings for sale/leaseback.

Buy: Long-term leased medical office

Location: Austin
Type: Office

Details: Repeat 1031 buyer for $1-3 million long term lease or sale leasebacks. Medical office.

BUY: Lakeway/Hill Country Galleria Commercial Properties

Location: Austin - Lakeway / Hill Country Galleria
Type: ALL

Details: I have partnership equity looking to purchase OFF market commercial properties in Lakeway and around Hill Country Galleria. All property types considered.

BUY: Residential Developments/ Land In Path of Growth

Location: Major Texas Cities
Type: Land

Details: Looking for residential development land in the path of growth for all Texas major cities. Properties should have a compelling story and pricing for cash buyer.

Distressed Class C Multifamily (500 units+)

Location: Florida, Georgia, South Carolina, North Carolina
Type: Multifamily

Details: Buyer seeking large distressed Class C multifamily (500+ units) in Florida, Georgia, South Carolina or North Carolina.

Distressed Resort Hotels in Florida, Georgia, South Carolina and North Carolina

Location: Florida, Georgia, South Carolina, North Carolina
Type: Resort Hotel

Details: Buyer seeking distressed resort hotels in Florida, Georgia, South Carolina and North Carolina.

Need to Buy: Retail Centers in High Median Income Area of SW Cities

Location: Southwestern United States
Type: Retail Centers

Details: Investor looking to purchase retail and lifestyle centers in high median income areas of Southwestern cities, i.e., Tucson, Phoenix, Boulder, Denver, Santa Fe, San Diego, Tulsa, Oklahoma City, Houston, Austin, Dallas-Fort Worth. $5-30M and 30,000-150,000 SF.

Need To Buy: Residential Developments / Land in Path of Growth

Location: Texas Major Cities
Type: 50-250 Acres of Land

Details: Looking for residential development land in the path of growth for all Texas major cities. Properties should have a compelling story and pricing for cash buyer. Between 50 and 250 Acres.

Buy: Multi-Family Property $2.5-$3.2M

Location: Texas
Type: Multi-Family

Details: Buyer looking for multifamily properties in Texas. Must be in good area and easy to manage.

Buy: 5-20 Acres For Retail Centers

Location: Austin MSA
Type: 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.

Buy: Existing Retail Centers

Location: Austin MSA
Type: Retail Centers

Details: Developer looking for retail center to reposition. Needs to be in dense Austin MSA submarket with nearby retail anchor and residential back-up built and occupied.

Buy: 10-20 unit, Class B or C Multifamily Property For Approximately $1-3M

Location: Austin MSA
Type: Multifamily

Details: Foreign investor looking to buy a multifamily property. Class B or C in Austin MSA for approximately $1-3M.

Buy: 10-12 Acres in or Near Steiner, Bee Caves, Circle C, 620-2222 and 2222-360

Location: Austin MSA
Type: Land

Details: Developer of Upscale Retirement Communities is seeking 10-12 Acres in Affluent Austin MSA suburbs. Needs arterial frontage.

Buy: Recently Developed Retail Centers and Professional Office Buildings, $2-10M

Location: Austin MSA
Type: Retail Centers

Details: Investor looking to purchase recently developed retail centers and professional office buildings in Austin MSA that require lease up. Must have compelling story and location. Priced $2-10M.




Title: The Enclave



Price:   Type:   Size:

The Enclave Flyer (PDF Format)
Title: The Enclave



Price:   Type:   Size:
The Enclave Flyer (PDF Format)

     

Title: Brushy Creek Commons



Price: 2,700,000  Type: Office / Retail Building  Size: 13,217 square feet

Brushy Creek Commons Flyer (PDF Format)
Title: Brushy Creek Commons



Price: 2,700,000  Type: Office / Retail Building  Size:13,217 square feet
Brushy Creek Commons Flyer (PDF Format)

 

Title: Land in Leander TOD



Price:   Type:   Size:

Land in Leander TOD Flyer (PDF Format)
Title: Land in Leander TOD



Price:   Type:   Size:
Land in Leander TOD Flyer (PDF Format)

 

Title: Grand Avenue Parkway Building #1



Price: $700,000  Type:   Size:

Grand Avenue Parkway Building #1 Flyer (PDF Format)
Title: Grand Avenue Parkway Building #1



Price: $700,000  Type:   Size:
Grand Avenue Parkway Building #1 Flyer (PDF Format)

 

Title: Grand Avenue Parkway Building 3



Price: $420,000  Type:   Size:

Grand Avenue Parkway Building 3 Flyer (PDF Format)
Title: Grand Avenue Parkway Building 3



Price: $420,000  Type:   Size:
Grand Avenue Parkway Building 3 Flyer (PDF Format)

 

Title: Grand Avenue Parkway Building #4



Price:   Type:   Size:

Grand Avenue Parkway Building #4 Flyer (PDF Format)
Title: Grand Avenue Parkway Building #4



Price:   Type:   Size:
Grand Avenue Parkway Building #4 Flyer (PDF Format)

    

Title: 5002-5006 Hamilton Road



Price: $750,000  Type: Land  Size: 0.96 AC

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



Price: $750,000  Type: Land  Size:0.96 AC
5002-5006 Hamilton Road Flyer (PDF Format)

 

Title: Vineyards Barton Creek



Price: $1,900,000  Type: Subdivision Land  Size: 15 AC

Vineyards Barton Creek Flyer (PDF Format)
Title: Vineyards Barton Creek



Price: $1,900,000  Type: Subdivision Land  Size:15 AC
Vineyards Barton Creek Flyer (PDF Format)

   

Title: Pad Site Available- Crystal Fals Pkwy



Price: $400,000  Type: Office Building Pad Site  Size: 12,000 sf

Pad Site Available- Crystal Fals Pkwy Flyer (PDF Format)
Title: Pad Site Available- Crystal Fals Pkwy



Price: $400,000  Type: Office Building Pad Site  Size:12,000 sf
Pad Site Available- Crystal Fals Pkwy Flyer (PDF Format)

    

Title: 2001 E. Park St.



Price: $2,500,000  Type: Land  Size: 10 Acres

2001 E. Park St. Flyer (PDF Format)
Title: 2001 E. Park St.



Price: $2,500,000  Type: Land  Size:10 Acres
2001 E. Park St. Flyer (PDF Format)

 

Title: Leander Retail/Office Building



Price: $475,000  Type: Retail/Office Building  Size: 1,218 SF

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



Price: $475,000  Type: Retail/Office Building  Size:1,218 SF
Leander Retail/Office Building Flyer (PDF Format)



Title: Belton Multi-Family Development Land



Price: $807,635  Type: Land  Size: 6.29 Acres

Belton Multi-Family Development Land Flyer (PDF Format)
Title: Belton Multi-Family Development Land



Price: $807,635  Type: Land  Size:6.29 Acres
Belton Multi-Family Development Land Flyer (PDF Format)

 

Title: Belton Development Land



Price: $479,000-$775,000  Type: Retail Pad Site  Size: 1-12 ac

Belton Development Land Flyer (PDF Format)
Title: Belton Development Land



Price: $479,000-$775,000  Type: Retail Pad Site  Size:1-12 ac
Belton Development Land Flyer (PDF Format)

The History of McClung Properties


PRIOR TRANSACTIONS

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

2 Retail Pad Sites, part of new Regional Hospital, Lakeway, TX
Office/Medical Building in Georgetown, 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
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
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
Westinghouse Land Tract, Georgetown, TX
9 Unit Office Condo Portfolio
Building A The Arbor Center, Dripping Springs, TX
Building B The Arbor Center, Dripping Springs, TX
Jonestown Center—Retail FM 1431, North Shore Lake Travis



TOTAL  	711,500 s.f.  	Amount: Over $80 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	3,664,565  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)  neill.mcclung@sbcglobal.net

EDUCATION
MBA in Management, BBA in Accounting

AFFILIATIONS
Texas/National Association of Realtors (TAR/NAR);  Central Texas Commercial Association of Realtors (CTCAR)

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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