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Texan Allergy and Sinus Center

— Austin, TX

Identifying new markets and locations across Texas and Florida; Assisting in negotiations of new lease terms and lease renewals

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Situation

  • Texan Allergy and Sinus Center is one of the fastest growing allergy and sinus clinics in the nation. In 2017, both, Inc. Magazine and Austin Business Journal recognized Texan Allergy and Sinus Center as one of the fastest growing private companies.  Texan Allergy and Sinus center is a multi-market practice, serving patients across the state of Texas through a portfolio consisting of an approximate of 70,000 square feet, and growing. Texan Allergy engaged Stream Austin to help them identify new locations across Texas and branch into Florida.

Action

  • Stream was tasked with identifying underserved markets and performing a feasibility study for Allergy and Sinus specialists entering each respective market. The feasibility study was based on patient demographics, workforce insurance, traffic study, median house-hold income, median home prices, and void analysis. Through this approach, Stream Austin has consulted, negotiated, and transacted on 14 new locations, of approximately 28,000 SF.  The locations stretch from El Paso to Corpus Christi, and Houston to Dallas. The Stream Austin team spends significant time in each of these respective markets.
  • To ensure full knowledge and understanding of each location, Stream formed relationships with the local brokerage teams in each market to successfully manage each these lease requirement through final execution.

Result

  • In January of 2019, Stream Austin was tasked with reproducing the Texas performance in Florida and is currently  working through eight requirements of approximately 16,000 SF in both the Tampa and Orlando markets.  Stream continues to work with Texan Allergy across Texas, and implemented a strategy to open 10 new offices by Q4 2019.