Trusted Partnership. Strategic Results.

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Welcome to Phelps & Frias

At Phelps & Frias, we partner with clients to navigate every stage of the real estate journey — from first acquisition to expansion and long-term growth. Our approach is strategic, client-focused, and built on trust.

Since 2008, we have grown from a boutique advisory firm into a leading commercial real estate practice in Texas and beyond, offering site selection, lease negotiation, development, acquisitions, and project management. We believe every decision matters — and we are committed to delivering clarity, confidence, and results at every step.

About Us
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Our Mission & Core Values

To be a trusted real estate partner — delivering clarity, confidence, and outcomes that align with your long-term business and financial goals.

Client-First Advocacy

Your priorities guide every decision. We protect your interests, negotiate with intention, and operate with complete transparency.

Excellence Through Expertise

We combine deep market knowledge, data-driven insight, and disciplined execution to deliver exceptional results.

Integrity & Trust

Our work is grounded in honesty, accountability, and respect — building trust that endures beyond any single transaction.

Long-Term Partnership

We don’t just close deals, we build lasting relationships.
Your growth and success are central to everything we do.

Adaptability & Innovation

Markets evolve, and so do we. We stay agile, proactive, and responsive to emerging challenges and opportunities.

Our Services

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Start-Up & First Locations

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Lease Renewals & Negotiations

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Relocations

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Expansions & Additional Locations

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Ground-Up Developments

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Real Estate Purchases

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Transitions & Acquisitions

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Demographic, Market & Competitive Analysis

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Business Sale & Exit Strategy Support

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Medical Real Estate

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  • I honestly can’t say enough good things about Alex. From the very beginning, he truly treated me like family. Selling a dental practice is not easy. There are a lot of moving parts, a lot of stress, and a lot of moments where you’re unsure what the right decision is. Alex was there through all of it. He checked in constantly, explained things clearly, and made sure I felt comfortable before moving forward at every step.

    What really stood out to me was how selfless he was with his time and effort. He went far beyond what anyone would expect. That level of integrity is rare.

    If you are a dentist thinking about buying or selling a practice, I give Alex my strongest recommendation without hesitation. Working with him was one of the best decisions I made during this entire process.

    — Ernest Erian

  • I have worked with John Phelps and his team in the past on two other occasions. With my most recent space, working with Alex Frias and John was an outstanding experience. Their professionalism, market knowledge, communication skills, negotiation expertise, and unwavering dedication to client satisfaction truly set them apart. If you need a commercial real estate broker who delivers exceptional results, I highly recommend Phelps & Frias Commercial Realty. They continue to exceed my expectations in every way, and I will definitely be returning to them for any future real estate needs.

    — Krishan Patel

  • Premier service here. I had the pleasure of working with Mr. Frias, and he has helped secure two commercial spaces for my practice thus far. The staff is always polite and professional, and the biggest thing for me as a businessman is that they are always prompt and on schedule. 9 AM means 9 AM to them, and they are never even a minute late.

    They answer every call and email promptly and have served as the liaison between my business and building management, with my best interests at heart. Highly recommended, and when it is time to expand to new locations for my practice, I will call them.

    — Jay Schipp

  • Working with Alex was an absolute game-changer in the process of launching my first dental practice. From our very first conversation, Alex demonstrated a deep understanding of the local commercial real estate landscape and was laser-focused on finding a location that aligned with my long-term vision—not just any space.

    He was responsive, knowledgeable, and incredibly patient, walking me through every step of the site selection and lease negotiation process. He always had my best interests in mind and helped me secure a prime location that I’m truly proud to call home for my practice.

    Alex isn’t just a broker—he’s a strategic partner who genuinely cares about your success. If you’re looking for someone who goes above and beyond and knows how to get deals done the right way, Alex is your guy.

    Highly recommend without hesitation!

    — George Galaz

  • Steeplechase Pediatrics has been working with Phelps & Frias Commercial Realty for many years. We have opened several clinics in very desirable locations thanks to their expertise. Everyone we worked with has provided nothing but very professional, honest, and efficient help. They are a great group of honest, hard-working realtors who get the job done.

    — Farah Mamedov

  • A really high and strong two thumbs up for Phelps & Frias Commercial Realty, especially with the person that I worked with, Mr. Alex Frias. We are a dental office and started planning our move in the winter of 2021. The process was long and arduous, lasting through summer 2022, when it finally finished. Alex was extremely helpful throughout the process and made introductions and connections to get it done. 100% professional. He especially made some of the troubles caused by the contractor a lot smoother and easier to bear, and without him, it would have been much more stressful. He is a very friendly, informative, and professional agent to deal with, as are his colleagues at Phelps & Frias. I would unreservedly recommend him and his company to anyone looking for space leasing.

    — Jeff Tan

  • I worked with Alex, and he was great. His negotiation skills are unbeatable, and he works hard to get you the best deal. He went above and beyond even after our lease was signed, since my LL was extremely hard to work with. I would highly recommend Alex! Now we are working on closing a few more deals. Thank you, Alex, for your amazing hard work and getting us the best deal.

    — Venish Dhuka

  • We had a great experience working with Alex Frias. He helped us understand the commercial lease process and negotiated the best lease terms for our dental office! He is always available whenever we have any questions! Highly recommend Phelps & Frias Commercial Realty.

    — Marina Siddiqi

  • From the initial stages of negotiations to the completion of our property's construction several months later, our experience with Phelps & Frias Commercial has been nothing short of exceptional. Their dedication to ensuring our needs were met went above and beyond what we expected from a realtor.

    During the negotiation process, Alex and his team demonstrated an impressive ability to navigate complexities with ease, securing favorable terms for us. Their expertise and strategic approach truly made a difference in achieving our desired outcome.

    What truly sets them apart is their unwavering support even after the closing. Despite completing the transaction, they continued to be instrumental in guiding us through the construction process, offering valuable insights and assistance every step of the way. Their commitment to our satisfaction extended far beyond their obligations, making us feel truly valued as clients.

    In summary, Alex Frias and his team are consummate professionals who not only excel in negotiations but also provide unparalleled support throughout the entire journey. I wholeheartedly recommend Phelps & Frias Commercial to anyone seeking a dedicated and knowledgeable realtor.

    — Jai Patel

  • Our clinics have worked with Phelps & Frias to locate and open several of our locations. It has always been a pleasure to work with Alex Frias and John Phelps. They are highly knowledgeable and very responsive to our needs as their clients, from our start-up ventures to our lease renewals. They make the process seamless and give us the confidence that we will land in the best location. We look forward to working with Alex and John again very soon!

    — Roberto Reyes

  • Alex is really helpful whenever we have questions and concerns. This company is professional in lease negotiations, and Alex always provides quick feedback. Highly recommended for dental offices.

    — Cat T.

  • My experience working with Alex has been great, and I would highly recommend him for any of your healthcare real estate needs. I am opening up my first veterinary practice, and Alex has been very helpful throughout the entire process. From finding a great location to negotiating the lease, he has made everything go smoothly. Very quick to respond and always available to answer any questions I may have.

    — Cynthia Puente

  • Alex goes above and beyond for his clients! He is always there to help us with any concerns or questions throughout the process. Recommend Phelps and Frias Commercial Realty to anyone looking to do a startup!

    — Rabeea Afzal

  • I was referred to Alex by a friend. I am so grateful to have had a reputable and knowledgeable agent. This was my first commercial lease endeavor, and Alex went above and beyond in working with the landlord and explaining the process to me so I could make informed decisions.

    — Mandy Loeffler

  • Alex and his team have been nothing short of professional. They were there from the beginning, middle, end, and even to this day if needed for anything. Highly recommend them! Thank you for finding a location for us!

    — Michael Farag

  • Mr. Frias was, and continues to be, a pleasure to work with. He's honest, professional, knowledgeable, and always available to address your concerns. I would highly recommend him as a commercial realtor, especially for healthcare-related matters. He helped me locate a good location and negotiate the lease among other things for our dental practice, Manvel Dental Care, in south Houston.

    — Haitham Wehbe

  • Highly recommended! The process for getting my dental office, Rise Dentistry, with Alex was easy and efficient. Would definitely recommend and use again!

    – Dr. Hasaan Sorathia

  • It is great working with Alex. He always has your back.

    — Ahmad Muhieddine

  • It was a pleasure working with Alex. He has always been helpful to me in every step. He and his team were a great resource for my dental project. Highly recommend them!

    — Sri Aravind Thatikonda

  • Alex helped my family open our first business. Not only did he help with all aspects of realty, but he also helped us find professionals along the way that made the overall process easy. I highly recommend working with him for all your real estate needs.

    — Leila Muhieddine

  • As a first-time dental office owner, I can easily say doubts and anxiety are the first things that can tear you apart. Alex is the first person who made us keep pushing through doubts by his knowledge, professionalism, and positive attitude. From finding the right spot to negotiating timelines we wanted, to dealing with the landlord through the whole process, Alex is your Man… if you know in your heart you want to be your own boss but do not know where to start, give Alex a call.
    — John D.

  • Mr. Frias and Mr. Phelps are amazing to work with! They did an excellent job helping me navigate my lease renewal. In the past, I had done this independently. They really helped me understand the various terms that were negotiable in my new lease. I was very pleased with the results and owe a lot to them for their professionalism, commitment, and timely service they provided.

    — D. Reed

  • Mr. Frias aided me with a lease renewal, which allowed more breathing room for my business. I appreciate his prompt and effective intercession. Yes, I would definitely recommend.

    — Jorge Marquis

  • Alex Frias was an absolute delight to work with. He's tenacious, communicative, consistent, knowledgeable, and efficient. As a newbie, I needed lots of hand-holding, and Alex was always patient and kind. I've worked with other brokers, and when I finally met Alex, I had an epiphany and thought, "Oh, so THIS is what success looks like for a commercial broker." 10/10. Will partner with him again!!

    — Siewa Mani

  • Alex Frias at Phelps & Frias Commercial Realty was instrumental in helping me find the ideal location for my dental practice. He guided me through every step of the process, ensuring a smooth and successful closing. His professionalism and expertise made the entire experience stress-free. Highly recommended!

    — Natalie Pereira Sanchez

  • Alex Frias was extremely efficient and proactive in helping me find a space for my practice. I needed to move quickly, and he found the perfect spot for my office within days. He pushed hard and helped negotiate a great deal and favorable conditions for my lease. Alex ensured that the lease signing process and remodeling were efficient and seamless. I cannot thank Alex enough for his outstanding work. Within three months, I was in my new office.

    — Andy M.

  • Mr. Frias helped us find the perfect space for our new location! We are always actively looking for new properties/spaces, and they always send us new locations that hit the market. BONUS: Mr. Frias found our lease agreement from 10 years ago that not even the LANDLORD AND MANAGEMENT company had... Just wonderful people and excellent service.

    — Mo

  • Alex brought a great number of listings in the area we were interested in and helped immensely, with great patience throughout the entire process. We highly recommend Phelps & Frias and would use them again.

    — Dallas Alvey

  • Alex is wonderful. He was so helpful during the entire process and found my dream location for me. Would recommend working with him 1000%!!!

    — Ghazaleh Peiravani

Begin your Journey

Whether you’re stepping into your first lease, considering an acquisition, or planning a multi-location expansion, Phelps & Frias is ready.

Let’s build your future together — one square foot, one strategy, one goal at a time.

4605 Post Oak Place Dr., Suite 110
Houston, TX 77027

(844) 825-3589