This episode is brought to you by the Tomball Economic Development Corporation and features one of their recent success stories, Peter Licata, co-founder of The Field, a co-working space, and office building in Tomball, Texas. Peter shares his journey into commercial real estate and entrepreneurship. Listeners can expect to learn about:
- The benefits of a co-working space for entrepreneurs vs traditional office space
- Peter's hands-on approach to managing and developing commercial real estate properties
- How the Tomball Economic Development Corporation supports local businesses
- Updates on The Field's expansion plans including a new retail center
Key Discussion Points:
- Coworking spaces provide flexibility, lower cost, and amenities compared to traditional office spaces (00:14:11)
- Peter and his family take a personalized approach to managing their properties compared to third-party property managers (00:07:25)
- The Tomball Economic Development Corporation has been tremendously helpful, backing up their support for development projects (00:25:51)
- A new 15,500 square foot retail center next to HEB will be completed by May 2023, with new dining options coming to Tomball (00:27:44)
Guest Bio:
Peter Licata is the co-founder of The Field, a co-working space and office building in Tomball, TX. He has over 15 years of experience in commercial real estate.
Company Bio:
The Field offers flexible coworking spaces and private offices for solopreneurs to small companies. They take a hands-on approach to property management. The Field was created out of a former bank building in Tomball by renovating and updating the space.
Key Quotes:
"It's important to us to build the project the right way or redevelop it the right way. Do little things that, in our opinion, will bring value, not only to the tenants that are going into the projects, but then also the community." (00:07:40)
"I 100% honest, I heard mixed things. I heard, oh my gosh. It's a nightmare to deal with. I heard, oh, no. They're, you know, they're fine. [...] For us, for our group, Tomball, the EDC, the chain they've they've been amazing. It's it's been really refreshing." (00:24:41)
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