A family firm, in its fourth generation
Phelan Investments is a private, diversified investment firm concentrating in the development and operation of investment real estate, oil and gas properties and other equity investments.
How we think about property
Our real estate portfolio includes a wide range of commercial properties: shopping centers, office buildings, industrial properties, apartments and single-tenant facilities. We are also the developers of several multi-use land developments.
We develop roughly half of what we own and acquire the rest when an opportunity fits our criteria. That balance lets us work from raw land through to a finished, leased building, or step in to reposition a center that needs complete redevelopment.
Because we are private and family-owned, we answer to ourselves. Decisions are made close to the property, by people who live and work in the markets where we invest.
Our history
- 1902
John Henry Phelan settles in Beaumont, a year after Spindletop, and founds the Phelan-Josey wholesale grocery company.
- 1935
Yount-Lee Oil Company, where he served as treasurer, is sold to Stanolind Oil.
- 1950
Phelan Investments is established to manage the family’s holdings.
- 1979
Phelan Plaza, Spindletop Square and Willow Creek Industrial Park open a new era of commercial development.
- 1980
Work begins on Willow Creek, a 2,700-acre planned community in Southwest Beaumont.
- 1999
The 67-acre Westfield development begins, followed by Westfield Shopping Center.
- Today
The fourth generation of the family runs a diversified portfolio from 1277 Calder.
Willow Creek
2,700 acres in Southwest Beaumont
Willow Creek is the largest project in our history: a planned community designed around a golf course, with bayous and waterways running through its neighborhoods.
Today it is home to some of the largest houses in Beaumont, and it remains the place buyers look to build a custom home.
Our people
- Michael A. PhelanEmail Michael
- Patrick H. PhelanEmail Patrick
- M. A. Lan Phelan IIEmail Lan
- Dade PhelanEmail Dade
- Eric MeadowsEmail Eric
- Mark PhelanEmail Mark
- Marsha JonesEmail Marsha
- Robin BrannanEmail Robin
- Courtney HudsonEmail Courtney
Talk with the family
We’re at 1277 Calder in Beaumont, and we’re glad to hear from you.