Spring 2016 Newsletter

property LINES
NewQuest Properties Corporate Newsletter | Spring • Summer 2016
Fairfield Marketplace and
Shops at Katy Reserve
welcome Kroger to
growing communities.
15
SHREVEPORT:
New Retail Center To Serve
High-End Community
14
DALLAS:
99 Ranch Market Opens in
Carrollton Town Center
7
HOUSTON:
Grand Parkway Spurs
Growth and New Projects
property LINES
NewQuest Properties Corporate Newsletter | Spring • Summer 2016
EXPERIENCE MATTERS
550,000 SF TOTAL SPACE
available for lease
70+ ACTIVE TENANT
REPRESENTATION ACCOUNTS
WHAT’S IN STORE
4 KROGER MARKETPLACE NEWS
1.3MM SF IN DESIGN AND
CONSTRUCTION PIPELINE
7 HOUSTON’S GRAND PARKWAY
164,000 SF OF SHELL
CONSTRUCTION built in 2015
8
STABLESIDE AT FALCON LANDING
9
HOUSTON DEVELOPMENT NEWS
310 LEASE TRANSACTIONS
in
2015
12
CENTRAL TEXAS DEVELOPMENT NEWS
11.6 MM SF MANAGED BY NQ
15
CAMP FORBING MARKETPLACE
17
NEWQUEST CROSSWELL
DEALS in 2015
18
NEWQUEST INVESTMENT COMPANY
94 RETAIL CENTERS exceeding
$1.7 BILLION in assets
19
MEET THE TEAM
20
TOP BROKERS FOR 2015
21
TENANT REPRESENTATION PORTFOLIO
(approximately 1,500 tenants)
Closed on
7 NEW DEVELOPMENT
193 AVAILABLE PAD SITES
AND 269 ACRES OF IMPROVED
LAND owned by NQ
SEPARATE ACQUISITION AND
INVESTMENT DIVISIONS
23
RECENT TRANSACTIONS
newquest.com
Leasing | Tenant Representation | Development
Land Brokerage | Acquisition | Property Management
KROGER MARKETPLACE MAKES ITS MARK.
Spring • Summer 2016 | 4
NewQuest opens Kroger’s newest
concept in Texas and Louisiana
Kroger’s 123,000 SF Marketplace store is a multi-department
store offering full-service grocery, pharmacy, fresh foods,
and general merchandise. Each of these stores will also
feature a Kroger Fuel Center.
The Marketplace concept was first introduced in Texas
in 2009. Three additional Kroger Marketplace stores opened
last year in Katy, North Richland Hills and in Bartonville,
Texas. NewQuest welcomes several new Kroger Marketplace
stores this year, beginning with Fairfield Marketplace, which
opened in January 2016. Three more Marketplace stores are
slated to open by the end of the year. In addition, the first
NewQuest developed store in Louisiana will also open in
2016.
The Marketplace concept differs from the traditional
Kroger Signature Store concept by offering the following
departments:
• Apparel and Shoes
• Expanded Grocery
• Expanded Deli and Bakery
• Health and Beauty
• Fresh Flowers
• Home Fashion
• Fred Meyer Jewelers
• Kitchen Place
• Gourmet Cheese
• Toys
KROGER MARKETPLACE MAKES ITS MARK.
Spring • Summer 2016 | 6
MARKETPLACE AT NINETY-SIX
League City Eye Center and El Dorado Mexican Restaurant
Coming on-line in tandem with Kroger on the western
Chef Blythe’s Southern Bistro and Tokyo Sushi are just a few
League City, Texas (Coming Soon)
have pre-leased in-line space. The tenant base will be
side of the development will be 24-Hour Fitness, First
of the tenants in this development. LA Fitness is coming
focused on community needs, including quick-service
Choice ER, Wendy’s, Pet Supermarket, Great Clips and
soon.
NewQuest began construction on the first phase of
and casual dining restaurants, medical services and financial
Vision Source.
Marketplace at Ninety Six, a Kroger-anchored development
institutions.
on 36 prime acres in League City. Western League City
has become a development hotspot, with the completion
of
infrastructure
projects
geared
toward
facilitating
FAIRFIELD MARKETPLACE
Cypress, Texas
new growth.
Site work is underway at the intersection of TX 96/
League City Parkway and Hobbs Road, less than one mile
west of Interstate 45. The first phase will be positioned on
18.8 acres at the southeast corner of the intersection. The
123,000 SF Kroger Marketplace and 25,900 SF of small shop
space are slated to open in October 2016.
The site is two miles north of the first Cabela’s in
South Texas and midway between downtown Houston
and Galveston Bay and also neighbors a YMCA with
2,600 families on its membership roster. Demographics
within a two-mile trade area include an average annual
household income of $109,648 with a median age of 33. Key
to the site’s development strength is its location in Clear
Creek ISD, a top-ranked educational system attractive to
a growing residential population with strong disposable
To date, Great Clips, a nail salon, T Jin’s China Diner,
project
single-family
which sits on the border between Colleyville and N. Richland
communities of Reserve at Katy, Firethorne and Woodcreek
Hills, Texas at N. Tarrant Parkway and Precinct Line Road. The
Reserve.
surrounding community boasts above-average household
To
is
surrounded
support
the
by
the
high-density
residential
development in the western sector, the acclaimed Katy
ISD has opened a high school, junior high and elementary
The 22-acre Fairfield Marketplace development is situated at
the main entrance to one of northwest Houston’s strongest
school, all located within one mile of the Shops at
the Reserve.
master-planned communities, Fairfield, in Cypress, TX.
An eight-story Memorial Hermann Hospital is now under
LANTANA TOWN CENTER
construction immediately east of the project. Fairfield
Bartonville, Texas
Marketplace serves as the most convenient grocery store
for the 5,800 households in the Fairfield community. It
This
features a new Kroger Marketplace store, several pad sites,
development is the retail component of Republic Property
approximately 30,000 SF of retail space and professional
Group’s Lantana master-planned 1,780-acre golf course
office building.
community in Denton County. Phase II of Lantana Town
Center, which will incorporate restaurants, office space and
Fairfield Marketplace is also located less than 2 miles
new
123,000
SF
from the newly opened Grand Parkway and Simon Outlet
retail , is now pre-leasing.
Mall.
SHOPS AT KATY RESERVE
Katy, Texas
incomes.
The
Kroger
Marketplace
anchored
The Lantana Master Planned Community, awarded
Community of the Year by the Dallas Builder’s Association,
will have more than 4,000 homes at build-out. Located less
than 15 miles north of the DFW Airport, Lantana is an upscale neighborhood known for its affluent households.
Thousands of West Katy residents are now shopping and
dining at the first grocery-anchored center in the heart of
Center recently joined Lantana Town Center. Starbucks,
their community, the Shops at Katy Reserve. The Kroger
Dickey’s BBQ and MedSpring are opening soon.
Hollywood Feed, Tokyo Samurai and The Tutoring
Marketplace-anchored property opened October 2015 and
is located one-half mile south of Interstate 10.
The 39.8-acre Shops at Katy Reserve is situated on the
east and west sides of the FM 1463-Spring Creek Boulevard
North Tarrant Marketplace is a 220,219 SF development
NORTH TARRANT
MARKETPLACE
N. Richland Hills, Texas
intersection, one of the highest growth areas in the Greater
Houston metro and the nation. NewQuest has leased over
This Kroger anchored center is already off to a strong start
98% of the project’s 156,998 SF phase one and is rapidly
with limited remaining availability for additional tenants. The
pre-leasing Phase Two’s mix of restaurant, retail and ground-
development consists of eight pad sites, Jr. box space and
lease pad sites.
a Kroger fuel station. Chick-Fil-A, Whataburger, Wendy’s,
income demographics.
LONE STAR STATE OF THINGS: Houston Area
Tomball
F-2
G
Grand Parkway
Town Center
SEGMENT
OPEN DATES
H
F-1
Humble
Cypress
I-1
Katy
Baytown
Houston
D
way
ark Toll
Westp
Pasadena
Fulshear
Sugar
Land
I-2
Missouri
City
Pearland
League
City
C
New Community Lifestyle Center Coming to Katy
Construction is underway
to develop a $75 million
featuring a 39,000 SF theater and oversized shared green
Segment B | Opening 2023
community lifestyle center, Stableside at Falcon Landing,
space with patio seating, architecturally inviting shade
Segment C | Opening 2019
on the last remaining commercial tract of the King family’s
elements and a water feature. Mick Granlund of Dallas-
Segment D | Open 1994
704-acre Arabian horse farm in Katy, Texas.
based O’Brien & Associates Inc. is the lead architect.
Segment E | Open 2013
Segment F-1 | Open 2015
was the homestead of the late W.K. “Buck” King, a developer,
and entertainment anchor base will attract shoppers
Segment F-2 | Open 2015
businessman and rancher who moved to the Houston area
from the numerous high-income neighborhoods that are
Segment G | Open 2015
from Kansas in 1935. Scraping of the 34.4-acre landmark site
easily accessed by Gaston Road, Greenbusch Road, and
Segment H | Opening 2019
has begun.
Falcon Landing Boulevard. The trade area boasts 100,000
Segment I-1 | Opening 2019
residents, of whom 70% are college graduates.
Segment I-2 | Open 2008
trade area, a 102,473 SF Kroger Signature store will anchor
the first phase of Stableside at Falcon Landing, which will
Interstate 10, Grand Parkway, Westpark Tollway and FM
front Katy’s Gaston Road between Greensbusch Road and
1463. Located directly across the street is Katy ISD’s
Falcon Landing Boulevard. Phase I includes 28,700 SF of
6-A Tompkins High School, which has well-attended
inline retail space, a 7,350 SF multi-tenant building and four
athletic and extra-curricular events and the capacity for
4,500 students.
Segment A | Under Study
Grand Morton
Town Center
E
Spring • Summer 2016 | 8
A
Alvin
B
GRAND PARKWAY AREA DEVELOPMENTS
The property, which contained 1980s-era structures,
Located in the bullseye of the west Katy and Fulshear
The future NewQuest developments of Grand Morton Town
ISD have been the catalysts for growth.
pad sites, each roughly one acre. The first phase will include
Center and Grand Parkway Town Center are located along
The center will be anchored by a Kroger Marketplace, a
restaurants, salons, pet stores and the flagship location
the newly opened extension of the Grand Parkway (State
Walmart, 150,000 SF of retail space and 20 pad sites.
of a publicly traded bank planning a two-story prototype
Hwy 99) just west of Houston, Texas. At completion, this
Comprised of 85 acres, Grand Morton Town Center sits at
project.
180+ mile circumferential scenic highway will traverse seven
both the northeast and southeast corners of Grand Parkway
counties and encircle the Greater Houston region. The now
and Morton Ranch Road in Katy, Texas.
completed portions of the Grand Parkway serve as a natural
thoroughfare for people traveling to and from Cypress and
Sugar Land to Katy and into the Energy Corridor. Grand
Morton Town Center and Grand Parkway Town Center will
GRAND PARKWAY TOWN
CENTER
Tomball, Texas
directly benefit from the increase in commuters traveling
the Grand Parkway.
Grand Parkway Town Center will feature 370,072 SF of
retail and 15 pad sites fronting Hwy 249 and Grand Parkway.
GRAND MORTON TOWN CENTER
The site is located just 13 miles from the new 385-acre
Katy, Texas
Exxon Mobil World Headquarters which is designed to
accommodate 10,000 employees at final completion. The
Grand Morton Town Center is surrounded by a residential
project will be anchored by both a large scale grocer and
market with the highest growth in the country. The abundance
a wholesale club, and will be bordered by Grand Parkway,
of land tracts for residential development and acclaimed Katy
Hwy 249 and Boudreaux Road.
Phase II will be the project’s “destination” component,
Opening in December 2016, the center’s grocery
Stableside
at
Falcon
Landing
is
equidistant
to
LONE STAR STATE OF THINGS: Houston Area
Firm. Negotiations are underway for more than 100,000 SF
of additional retail space, which will bring an unprecedented
level of amenities, services and options to the Baytown /
Mont Belvieu market.
CYPRESS VILLAGE STATION
Cypress, Texas
Cypress Village Station is a unique center that combines living,
HOUSTON AREA DEVELOPMENTS
shopping and transportation all in the same development at
the northeast corner of Highway 290 and Skinner Road in
CHAMBERS TOWN CENTER
Cypress, Texas. As the first transit-oriented development in
Baytown, Texas
the Houston area, Cypress Village Station includes 79,550
SF of retail, a 1,500-space parking structure, 40,000 SF of
Chambers Town Center is the first major retail center in east
office space and 273 luxury apartments located above the
Houston’s expanding Baytown/Mont Belvieu community. The
retail and office space.
regional center will ultimately have 350,000 SF of new retail
anchored by a Walmart superstore and other big box brands.
Station and occupies a prime space with excellent Hwy 290
The
regional
signage.
growing
workforce
center
and
capitalizes
on
population,
which
the
have
area’s
seen
Rico’s Mexican Grill recently opened at Cypress Village
Young Leaders Campus leases more than 8,000 SF
exponential increases in conjunction with the area’s multi-
on the second level at Cypress Village Station. Anothai
billion-dollar
Thai Cuisine and Hannah’s Cafe now provide additional
refinery
expansions.
The
development
site has excellent visibility and access to Interstate 10,
dining options.
offering
one
of
the
strongest
retail
opportunities
in
As the first “public/private partnership”, Metro operates
the market.
its Park & Ride facility at Cypress Village Station. With a
NewQuest has established the foundation for a well-
four-story shared-use garage, this development captures
rounded tenancy. Signed tenants to date are Showbiz Cinemas,
a steady flow of commuter traffic making it a convenient
Freddy’s Frozen Custard and Steakburger, Whataburger,
destination shopping center for the area.
Chick-Fil-A, Methodist Hospital, Sport Clips and Mattress
Spring • Summer 2016 | 10
LONE STAR STATE OF THINGS: Houston Area
Spring • Summer 2016 | 11
BRAZOS TOWN CENTER
Cinemark Theaters, JC Penney, Best Buy, Marshall’s, Michael’s,
Rosenberg, Texas
Ulta Cosmetics, Charming Charlie, Memorial Hermann and
LONE STAR STATE OF THINGS: Central Texas
Spring • Summer 2016 | 12
Specs Liquor and Fine Foods. Home Goods joined the center
Brazos Town Center is an award winning 546-acre master-
as well. Additionally, Kroger operates its 123,000 square foot
planned development that integrates 2,000,000 SF of
Marketplace store - one of their first to open in Texas.
retail and entertainment with single family, multi family and
senior living - all interconnected with parks, trail systems,
development portion of Brazos Town Center. Dolce Living
lakes and fountains. The development landed in a tie for the
is currently leasing Phase II of their multi-family project at
30th largest shopping mall in the nation by Esri Information
Brazos Town Center. Kilday Realty constructed an 80 unit
System. senior living development for adults 55 and over in Phase I of
the development.
The list of 110 tenants at Brazos Town Center is impressive
including: Target, The Home Depot, Academy, Hobby Lobby,
Perry Homes and DR Horton occupy the single-family
CENTRAL TEXAS DEVELOPMENTS
part of its surrounding communities. The project received a
Retail Landmark Award by the Houston Business Journal. The
New Braunfels, Texas
Brazos Town Center was designed to be an integral
Houston area landscape.
The center is located at Hwy 59 and FM 762 in Rosenberg,
Texas and has unique accessibility from Highway 59, FM 762
and Reading Road.
Hallmark, Charming Charlie’s, The Salons at Stone Hill,
LaVida Massage and many more. The center will ultimately
comprise 1,000,000+ SF of retail space, as well as a hotel
and professional offices. Stone Hill Town Center is located
Landmark Awards recognize commercial real estate projects
and developments that make significant contributions to the
This 196-acre master-planned development welcomed
new tenants including Kirkland’s, The Children’s Place,
NEW BRAUNFELS TOWN CENTER
AT CREEKSIDE
The growth at this development does not show any signs of
12 miles northeast of Austin at the southwest corner of State
slowing down. The newest phase, consisting of 260,000 SF,
Highway 130 and State Highway 45. State Highway 130 is
is the size of many new developments across the country.
a toll road now runs from Austin to Interstate 10 in Seguin,
This 600-acre shopping center development already hosts
just east of San Antonio. This is the first 85 MPH highway
national retailers such as Target, Best Buy, JC Penney, Ross
in Texas.
Dress For Less, Petsmart, and Dick’s Sporting Goods. Ulta
Beauty and Cosmetics, TJ Maxx, Spec’s Liquors and Fine
Foods, Belk, Hobby Lobby, Five Below and Charming Charlie
Stone Hill Town Center Area Updates
are also now open. Willie’s Ice House, CBQ Smokehouse, Las
• Hawaiian Falls Water/Adventure Park
Palapas, Newk’s and Shogun Japanese Grill and Sushi Bar
This 25 acre, $21M location adjacent
were added to the already impressive mix of well-known
to Stone Hill Town Center is the
restaurants open in Creekside.
largest park to date by Hawaiian Falls
and draws approximately 300,000+ visitors annually.
STONE HILL TOWN CENTER
Pflugerville, Texas
Stone Hill Town Center’s tenant mix is vibrant and growing
steadily. The most recent phase added 157,000 SF to the
• A $210 million Arista Data Center on 50 acres of land will be located diagonal to Stone Hill. The 500,000 SF campus will host up to six buildings, and is expected to bring at least 170 jobs to the community over 10 years.
existing 750,000 SF. Anchor tenants now include At Home
• Orion Stone Hill - a large Class A, 370 unit
by Garden Ridge, Cinemark Theater, 24 Hour Fitness, Home
Mediterranean style, multi-family project is located
Depot, Dick’s Sporting Goods, a 184,000 SF SuperTarget,
adjacent to the development.
Bealls, Ross, St. David’s Emergency Center, Petco, Office
units have started construction in Phase II.
Depot and Best Buy.
Additional multi-family
LONE STAR STATE OF THINGS: North Texas
Spring • Summer 2016 | 14
Asian-Inspired Shopping and
Dining at Carrollton Town Center
Fu Tea, Todays’ Comfort, Snowy Village and Dan Sung Sa.
Carrollton Town Center is located at the southeast corner
of President George Bush Turnpike and Old Denton Road.
CARROLLTON TOWN CENTER
The location is significant in that more than 95,000 cars
Carrollton, Texas
per day travel President George Bush Turnpike. The active
population within the trade area is an impressive 623,000+
A $7MM redevelopment of an existing 154,000 SF center,
people.
Carrollton Town Center is anchored by a new 50,000 SF 99
Ranch Market grocery store and features extensive common-
will add a professional office building and several pad sites
area enhancements and contemporary storefront upgrades
to the development.
NewQuest also closed on the southwest corner, which
designed to create an exciting destination to shop and dine.
Carrollton’s Town Center’s anchor, 99 Ranch Market, is
the country’s largest gourmet Asian supermarket chain, with
Taiwan’s top coffeehouse, 85°C
over 40 locations in California, Nevada, Washington and
Bakery Cafe, selected Carrollton
Texas. The Carrollton location is its second store in the DFW
Town Center in North Dallas for its
market and its 4th in Texas.
first store in Texas with a planned
summer opening.
Current and future tenants at Carrollton Town Center
include Daiso, Gen Korean, Kula Sushi, Hanabi Ramen, Kung
“This is a huge win for us.
We’ve been chasing this deal for three years,” says Heather
Nguyen, Director of Business Development. “And, 85°C is
only coming to Texas because of Carrollton Town Center.”
The 85°C Bakery Cafe chain has more than 800 stores
in China, Australia, Hong Kong, the U.S. and its homeport
of Taiwan. Serving specialty espresso coffee made from
premium Guatemalan beans and gourmet desserts, the cafe
offers as a five-star experience at not so five-star prices. Its
philosophy is coffee’s flavor is best maintained at a steady
temperature of 85°C, thus giving birth in 2004 when the
first store opened in Taipei, Taiwan, to a now-established
name. Its U.S. focus, until now, has been California, where
it’s opened 10 stores since 2008.
The cafe feature more than 60 varieties of freshly baked
items. The menu includes decorative cakes, pastries and
freshly baked loaves of Japanese, Taiwanese, Europeanstyle, Danish and gourmet breads and rolls as well as
specialty teas of hot, iced and frozen treats.
LOUISIANA’S LATEST
Spring • Summer 2016 | 16
CAMP FORBING MARKETPLACE
area of Shreveport. Site work has begun at the northwest
Shreveport, Louisiana
corner of East Flournoy Lucas at Ellerbe Road.
The design of Camp Forbing Marketplace offers a
Currently under construction, Camp Forbing Marketplace
unique planned development incorporating key elements
is NewQuest’s first development in Louisiana. Along with a
of a community center with interconnected lighted
123,000-SF Kroger Marketplace, a proposed state-of-the-
pedestrian walkways and outdoor seating surrounded by
art YMCA facility will anchor the project.
natural landscaping. It will be the first commercial Planned
Unit Development in the city. The design is the result of
The development site is part of the 47-acre Camp
Forbing, which has been owned/operated since 1945 by the
collaboration with Shreveport officials and community
YMCA. The center will bring vibrant retail and restaurants
leaders. Camp Forbing Marketplace is scheduled to open in
as well as a two-story office building to an under-served
late 2016.
NEWQUEST DIVISIONS
Spring • Summer 2016 | 18
NewQuest Crosswell, a division of NewQuest Properties,
NewQuest Investment Company (NQIC), a division of
is a privately held real estate development and investment
NewQuest Properties, acquires existing grocery-anchored
firm specializing in larger retail development opportunities.
retail
Leveraging over 50 years combined experience and deep
combines the strengths of an institutional investment
market relationships, NewQuest Crosswell invests in joint
organization with a $1.4 billion, multi-faceted real estate
ventures and for its own account through a broad platform of
real estate ownership and development services to provide
exceptional risk-adjusted returns to investors. Regardless
of the deal’s size, sophistication or challenge, NewQuest
Crosswell’s style is straightforward, direct and responsive.
BUILD-TO-SUIT PROGRAM
NewQuest Crosswell’s build-to-suit program is geared
towards
high
growth,
investment
and
“Our goal is to work closely with clients
to create an expansion program that will
enable them to meet their operational and
growth needs.”
CURRENT DEVELOPMENTS
Northwest Park Crossing -Houston, TX
•
4 acre development project
•
Tenants include: Raising Cane’s, First Choice Medical,
Wendy’s and Hotel Bella
sub-investment
grade credit retailers, restaurants, non-profit organizations,
Slim Chickens - Houston, TX
financial institutions, service and healthcare providers. The
•
5 unit build-to-suit development program
program allows clients to expand their businesses within
•
Completed the development for two locations in Katy and
their desired market areas without needing to commit
resources or substantial amounts of capital for land and
Spring, Texas
•
Upcoming sites in Cypress, Deerbrook and Pearland
•
Sold Katy property in March 2016
construction costs. As a turn-key build-to-suit developer,
NewQuest Crosswell acts as a single source of responsibility
Shadow Creek Ranch - Pearland, TX
for both delivery and financing. NewQuest Crosswell is self-
•
40 acre mixed-use development in Pearland, TX
•
5.47 acre ground lease with large national hospital
•
Retail pads sold to Panda Express and Hooters
funded and the capital invested is its own.
Conroe Waterfront Center - Conroe, TX
•
115 acre Master Planned Mix-Use Development
•
14 acre with 60,000 SF office building sold to international
company in 4Q15
Academy—D’Iberville, MS
•
7.55 acre built-to-suit development
•
Located in major retail center, Lakeview Village
South Shore Retail—Austin, TX
•
5 acre development project
•
Tenants include: Walgreens, Starbucks, Chipotle and AT&T
centers
in
strategic
markets
nationwide.
NQIC
development, leasing and management company to provide
investors with a programmatic national grocery-anchored
acquisition platform.
NQIC PROJECTS:
Paulding Commons | Hiram, GA
Prairie Point | Aurora, IL
Deerfield Place | Omaha, NE
Silver State | Sparks, NV
Marketplace | Independence, MO
Plaza North | Omaha, NE
Hoffman Village Shopping Center | Hoffman Estates, IL
CURRENT PORTFOLIO
CONSISTING OF:
1.2 MILLION SF
$140MM in VALUE
7 PROPERTIES
MEET THE TEAM
Spring • Summer 2016 | 19
TOP BROKERS 2015
Spring • Summer 2016 | 20
DAVE RAMSEY
tenant representation, retail, land and project development.
Top Overall Producer and Top Land Broker
Focused on long-term, full-service relationships with
key retailers, his clients have included 24 Hour Fitness,
Ashley Williams
Austen
Baldridge
Austin Alvis
Bob Conwell
Brad Elmore
Brad LyBrand
Caroline Howell
Dave Ramsey specializes in the acquisition and disposition
Children’s Learning Adventure, Verizon Wireless, Capital
of large residential and mixed-use properties. With more
One
than 32 years of experience in the real estate industry, Dave
Jiffy Lube, and Styles For Less. Hayes has advised and
has been involved in transactions totaling more than 11,000
represented retailers in the site selection, market analysis
acres of property. Dave is consistently listed among the
and purchase and/or lease negotiations in all of the major
“Heavy Hitters in Commercial Real Estate” in the Houston
sub markets throughout the Houston area and South Texas.
Bank,
RaceTrac
Petroleum,
TCBY,
Five
Below,
Business Journal. He graduated from The University of Texas
at Austin with B.S. degrees in Real Estate and Marketing.
Chris Dray
Danny
McCormack
Dave Ramsey
Frank Fitzgerald
Glenn Dickerson
Heather Nguyen
Hugh Ruggles
AUSTIN ALVIS
Rookie of the Year
MATT REED
Top Retail Broker
Austin Alvis joined NewQuest Properties in 2014 and
specializes in development, project leasing, and tenant
Jeff Lokey
Jeffrey Hayes
John Nguyen
Jon Jamison
Josh
Friedlander
Juan Carlos
Alonso
Mac Ruggles
Matt Reed joined NewQuest in 2004 and specializes in
representation. A native Houstonian, Austin leans on
Tenant Representation. He has been in the real estate
market knowledge to assist clients in site selection and
business since 2002 and has been named a Houston
strategic expansion. Developments and acquisitions are
Business Journal “Heavy Hitter” five times, and an “MVP”
focused in both growth areas and under-served markets,
in 2010 and 2011.
ranging from single pad sites to neighborhood grocery-
anchored centers.
last
He was awarded the Top Retail Broker by NewQuest
year.
His
clients
include
Ross
Dress
for
Less,
PETCO Animal Supplies, Dick’s Sporting Goods, Sears,
ULTA Cosmetics, Lane Bryant, 99 Cents Only, Yum Brands,
European Wax Center, Mi Doctor, Smiley Dental, an
Cartridge World. Matt is a graduate of the United States
Mark Lindsey
Matt Reed
Meredith
McLeod-Cobb
Neal Thomson
Ori Batagower
Rachael Keener
Rebecca Le
Military
Academy
with
a
degree
in
Mechanical
Engineering, and a member of the International Council of
Rob Whitaker
Shireen Owlia
Retail Leasing
Tenant Representation
Land Brokerage
Development
Acquisition
Construction
Property Management
Shopping Centers.
JEFFREY S. HAYES
Top Hybrid Broker
Jeffrey S. Hayes, along with his business partner,
Juan Carlos Alonso, has represented both national
and local retailers and investors throughout the
Houston market. Hayes’ areas of expertise include
TENANT REPRESENTATION PORTFOLIO
FITNESS
Spring • Summer 2016 | 22
BEAUTY
RESTAURANTS
Kubo’s
Sushi Bar & Grill
RETAILERS
MEDICAL
MI
DOCTOR
MI DOCTOR
OTHER
®
THEATER
FINANCE
EATS • DRINKS • SCENIC VIEWS
RECENT TRANSACTIONS
LEASING TRANSACTIONS
Spring • Summer 2016 | 24
Fairfield Marketplace
Marketplace at Ninety-Six
Spring Town Center
US 290 and Mason Rd in Cypress, TX
League City Parkway and Hobbs Rd in League City, TX
FM 2920 and Kuykendahl in Spring, TX
Brazos Town Center
Rachael Keener and Bob Conwell leased
Rebecca Le leased
Bob Conwell and Ashley Williams leased 1,400 SF to
Hwy 59 and FM 762 in Rosenberg, TX
•
2 ,800 SF to Texas Children’s Urgent Care
•
2 ,450 SF to Nail Bar of Texas
Beauti4Skin
Bob Conwell leased 81,888 SF ground lease to El Pollo Loco
•
2 ,603 SF to Strong Vision
•
1 ,950 SF to League City Eye Center
Bob Conwell and David Meyers ground leased
Bob Conwell and Meredith McLeod-Cobb leased 1,260 SF
•
1,400 SF to Bahama Bucks
•
3 ,150 SF to El Dorado Mexican Restaurant
•
42,347 SF to Zaxby’s
to The Tutoring Center
•
38,005 SF ground lease to Wendy’s
•
2 ,330 SF to Dental Etc.
•
47,884 SF to Freddy’s Frozen Custard and Steakburgers
•
48,914 SF ground lease to Forefront ER
Bay Colony
Grand Morton Town Center
I-45 and FM 646 in League City , TX
Grand Parkway and Morton in Katy, TX
New Braunfels Town Center at Creekside
Rebecca Le ground leased 55,936 SF to Jason’s Deli
Josh Friedlander and Rebecca Le leased
I-35 and FM 306 in New Braunfels, TX
•
2 ,450 SF to Tender Touch Nails
Glen Dickerson and David Meyers ground leased 43,940 SF to
Carrollton Town Center
•
2 ,800 SF to Grand Morton Animal Hospital
Panda Express
Bush Turnpike and Denton Rd in Carrollton, TX
•
4 ,200 SF to My Kids Dentist & Orthodontics
Heather Nguyen, John Nguyen, Meredith McLeod-Cobb
•
1 ,050 SF to Great Clips
North Tarrant Marketplace
leased
•
1 ,400 SF to SuperCuts
North Tarrant Parkway and Precinct Line Rd in North Richland
•
3 ,111 SF to Kula Revolving Sushi Bar
•
1 ,400 SF to Subway
Hills, TX
•
14,326 SF to Today Comfort
•
1 ,400 SF to Sports Clips
Josh Friedlander leased
•
1 ,125 SF to Snowy Village
•
1 ,400 SF to Postal Plus Copy Center
•
3,500 SF to Mattress Firm
John Nguyen and Meredith McLeod-Cobb leased 5,771 SF to
•
3 ,500 Deluxe Nails and Spa
•
3,150 SF to Banfield
85C Bakery Cafe
•
2,800 SF to Japanese restaurant
Chambers Town Center
I-10 and SH 146 in Baytown, TX
Bob Conwell and Brad Elmore leased
•
2 ,450 SF to Verizon
•
1 ,584 to H & R Block
Cross Creek Commons
FM 1463 and Fry Rd in Fulshear, TX
Bob Conwell and Rachael Keener leased 2,800 SF to Allure
Nail Spatique
Cypress Village Station
US 290 and Skinner Rd in Cypress, TX
Rebecca Le and Rachael Keener leased
•
1 ,177 SF to Beitler CPA
•
9 00 SF to Edward Jones
•
895 SF to Mobile ER
Grand Parkway Town Center
Grand Parkway and Hwy 249 in Tomball, TX
Austin Alvis and Brad Elmore ground leased 39,265 SF to First
Choice Emergency Room
Lantana Town Center
FM 407 and Jeter Rd in Bartonville, TX
Josh Friedlander leased
Sherman Town Center
Hwy 75 and Loy Lake Road in Sherman, TX
Stableside at Falcon Landing
Gaston RD and Falcon Landing in Katy, TX
Austin Alvis and Brad Elmore leased
•
1,050 SF to Vogue Cleaners and Alterations
•
3,500 SF to Deluxe Nails and Spa
•
1,400 SF to Sports Clips
•
2,800 SF to Ideal Dental
•
1,050 SF to GNC
•
2,800 SF to Hand & Stone Massage and Facial Spa
Stone Hill Town Center
SH 130 and SH 45 in Pflugerville, TX
Josh Friedlander and Rebecca Le leased
•
1,898 SF to Amazing Lash
•
2,400 SF to Freebirds
•
Ground lease to In N Out Burger
Meredith McLeod-Cobb leased
•
2 ,450 SF Sleep Number
•
1 ,395 SF to a nail salon
•
8 ,400 SF ground lease to Select ER
Shops at Katy Reserve
Texas City Professional Building
2501 Palmer Hwy in Texas City, TX
Ronnie Miranda leased 1,822 SF to C&I Engineering
Sherry Barnette leased 4,972 SF to Flour Enterprises
FM 1463 and Spring Green in Katy, TX
Townwest Commons
Bob Conwell and Rachael Keener leased
Hwy 79 and CR 119 in Hutto, TX
•
1 ,400 SF to Kumon
Meredith McLeod-Cobb lease 1,253 SF to Posh Nails
•
1 ,400 SF to Wonder Lash
•
37,000 SF ground lease to 24 Hour Fitness
I-10 East and Holland Avenue in Houston, TX
Victory Lakes
•
1 ,400 SF to Vision Source
Brad Elmore leased
I-45 and FM 646 in League City , TX
•
6 6,484 SF ground lease to Wendy’s
•
2 1,164 SF to Halloween City
Rebecca Le ground leased a pad to El Pollo Loco
•
1,400 SF to Pumped Nutrition
•
20,977 SF to Pahouhja Enterprises
•
3,150 SF to MedSpring and
•
2,200 SF to Stabucks
Market at Hunting Bayou
Windcliff Town Center
Jones Rd and Cypress North Houston Rd in Houston, TX
Ronnie Miranda leased 484 SF to Within You Counseling Services
RECENT TRANSACTIONS
THIRD PARTY TRANSACTIONS
•
Bob Conwell and Rebecca Le leased 11,450 SF to Dollar
Tree at Memorial and Kirkwood in Houston, TX
•
Bob Conwell and Rebecca Le leased 1,973 SF to Golden
Chick at Westheimer and Fondren in Houston, TX
•
Bob Conwell and Rebecca Le leased 1,400 SF to Luxe Optical at 2518 Rice Blvd in Houston, TX
•
Chris Dray leased 4,004 SF to Wholesale Lubricant
Services at 2101 Shepherd Drive in Houston, TX
•
Josh Friedlander leased 3,796 SF to Gracie Barra Heights
at 4721 N. Main in Houston, TX
•
Jinya Ramen Bar at Mason Park Plaza in Katy, TX
•
•
•
Josh Friedlander leased 3,807 SF to Steelmill Gym at 4721
•
•
•
Josh Friedlander leased 4,500 SF to Sherwin Williams at 7613 Katy Freeway in Houston, TX
•
Josh Friedlander leased 3,783 SF to Gyu-Kaku at 11301
•
Josh Friedlander leased 2,491 SF to Sunshine Dental at
Rebecca Le and John Nguyen leased 2,850 SF to
»»
34,952 SF at Silber & I-10 in Houston, TX
Clear Lake Dermatology at Victory Lakes Shopping
»»
38,333 SF at SEC Cypresswood & Hwy 249 in Center in League City, TX
Houston, TX
Brad Elmore leased 6,300 SF to Halloween City at
»»
36,701 SF at SEC Rice & Westpark in Houston, TX
Tomball Parkway Plaza in Tomball, TX
»»
32,776 SF at Shops at Spring Town Center in
Rachael Keener leased 4,558 SF to Hungry’s Bistro at
Spring, TX
Villagio Town Center in Katy, TX
»»
67,806 SF at FM 1093 & Grand Parkway in Katy, TX
Rachael Keener leased 1,690 SF to Vintage Hills Clothing
»»
35,533 SF at FM 518 & Pearland Parkway in Pearland, TX
TENANT REPRESENTATION
TRANSACTIONS
Rachael Keener and Jon Jamison represented the
College Station, TX and 1,930 SF at 14257 FM 2920 in
landlord in leasing 1,416 SF to InsideScoop Frozen
Tomball, TX
TX
•
•
•
Bob Conwell and Brad Elmore represented the landlord in
Rolls in leasing 5,805 SF at 10950 Westheimer Rd in
Plaza in Pasadena, TX
Houston, TX
Rebecca Le leased 1,750 SF to Amazing Lash at Cy-Fair
Ashley Williams and David Meyers leased 2,154 SF to
Square in Houston, TX
•
•
•
John Nguyen and Heather Nguyen represented Daiso in
TX
leasing 9,600 SF at MacArthur Park in Irving, TX and
Ashley Williams and David Meyers leased 2,084 SF to
10,998 SF at Mason Park Plaza in Katy, TX
•
Nails in leasing 2,400 SF at Baybrook Gateway in
Heather Nguyen and Caitlin Jones leased 1,397 SF to Sun
Webster, TX
•
Brad Elmore leased 3,000 SF to I Love Kickboxing in
Heather Nguyen leased 2,230 SF to Legend Nails at
Deerbrook Shopping Center in Humble, TX and 8,164 SF
Oyster Creek and Oak Drive in Lake Jackson, TX
at Westchase Shopping Center in Houston, TX
John Nguyen leased 1,430 SF to Brown Bag Deli at
•
Jeff Hayes and Joan Carlos Alonso represented Verizon
Highland Knolls and Mason in Katy, TX
Wireless in leasing 4,372 SF at Hwy 288 and Hwy 332 in
John Nguyen and Heather Nguyen leased 2,500 SF to
Lake Jackson, TX
•
20,853 SF at Eastex Shopping Center in Houston, TX
»»
20,000 SF at Parkshire Center Limited in Houston, TX
»»
24,350 SF at Pasadena Town Center in Pasadena, TX
•
Woodlands, TX
•
TX
•
•
•
•
Road in Fulshear, TX
•
•
Matt Reed represented Dick’s Sporting Goods in leasing
Katy, TX
•
Frank Fitzgerald represented the seller in selling 30 acres
on Birnam Woods Drive in Houston, TX
•
Jeff Lokey represented the seller in the sale of 8,886 SF
on SH 36 in Somerville, TX
•
Jeff Lokey represented the seller in the sale of 5.28 acres
at 5434 Spring Cypress in Spring, TX
•
Jeff Lokey represented the seller and buyer in the sale of
4.46 acres on Kuykendahl Road in Houston, TX
•
Jeff Lokey represented the seller in the sale of 6.70 acres
on Ella Blvd in Houston, TX
•
Jeff Lokey represented the seller in the sale of 9.94 acres
at 1069 Steubner Airline in Houston, TX
•
Rob Whitaker represented the buyer in purchasing 3.35
acres on FM 1774 in Magnolia, TX
»»
50,000 SF First Colony Mall in Sugar Land, TX
»»
105,000 SF at Shoppes at Parkwest in Katy, TX
»»
73,250 SF at Willowbrook Mall in Houston, TX
owner in ground leasing 6 acres to a Rehabilitation
»»
83,057 SF at The Woodlands Mall in Hospital in The Reserve at Shadow Creek Ranch in
The Woodlands, TX
»»
82,081 SF at Deerbrook Mall in Humble, TX
»»
105,000 SF Baybrook Mall in Friendswood, TX
•
LAND SALES TRANSACTIONS
Bob Conwell and Brad Elmore represented the seller
in selling 1.62 acres at The Reserve at Shadow Creek in
Pearland, TX
Brad LyBrand and Allen Crosswell represented to land
Pearland, TX
•
Brad LyBrand and Allen Crosswell represented the buyer
in purchasing 45 acres on I-45 in Conroe, TX
•
•
Jeff Hayes and Juan Carlos Alonso represented the buyer
in purchasing .90 acres at Parkside and Grand Parkway in
Westheimer and Tanglewilde in Houston, TX
•
Heather Nguyen represented the buyer in purchasing .951 acres at the Beltway and Tidwell in Houston, TX
Matt Reed represented Taco Bell in leasing 25,815 SF
in Spring Marketplace in Spring, TX and 18,500 SF at
David K Meyers, Brad Elmore and Jeff Hayes represented
the seller in purchasing 67,518 SF at FM 1463 and Fry
Matt Reed and Jon Jamison represented Amazing Lash in
leasing 2,179 SF at Bunker Hill in Houston, TX
Chris Dray represented the buyer in purchasing .26 acres
at 1545 Heights Blvd in Houston, TX
Chris Dray represented Sakowitz Furs in leasing 2,500 at
Boulevard Place in Houtson, TX
Chris Dray represented the seller in the sale of .12 acres
at 821 Algregg and .12 acres on Ralfallen St in Houston,
Matt Reed represented European Wax Center in leasing
Jon Jamison represented Creekside Urgent Care in
Chris Dray represented the seller in the sale of 4901-4917
N. Main in Houston, TX
leasing 6,300 SF at Westgate Shopping Center in The
John Nguyen represented LA Crawfish in leasing 3,750
Jeff Hayes represented Five Below in leasing 9,302 SF at
»»
Brad Elmore represented the seller in selling 4 acres at
Beltway 8 and Pasadena Blvd in Pasadena, TX
SF at FM 518 and Pearland Parkway in Pearland, TX
•
SF at Westwood Center in San Antonio, TX
•
•
Matt Reed represented Ross Dress for Less in leasing
1,600 SF 3939 Dowlen Road in Beaumont, TX and 2,646
John Nguyen and Heather Nguyen represented Citrus
Cypress, TX
Friendswood, TX
•
John Nguyen and Heather Nguyen represented
NAM - Noodles and More in leasing 3,016 SF at Bay Area
Loan Company at Loop 336 and Frasier in Conroe, TX
•
•
Town Center in Cypress, TX
Remax Realty Center at 14106 Mueschke Road in
•
Rachael Keener and Jon Jamison represented Express
leasing 42,060 SF to Bush’s Chicken at Bayshore Park
Sassy Nails and Spa at 14106 Mueschke Road in Cypress,
•
Rachael Keener and Jon Jamison represented Peli Peli in
leasing 3,535 SF at 9090 Katy Freeway in Houston, TX
•
•
Rachael Keener and Jon Jamison represented Amazing
Lash in leasing 2,031 SF at 1501 University Drive E. in
•
Pearland, TX
21,423 SF at SWC Hwy 6 & West Rd in Houston, TX
Ella Plaza in Houston, TX
Custard and Yogurt at the Center at Dunvale in Houston,
selling .65 acres at Hwy 288 and Discovery Bend in
»»
•
Bob Conwell and Brad Elmore represented the seller in
Matt Reed and Jon Jamison represented El Pollo Loco in
Lounge at The Center at Memorial in Houston, TX
John Nguyen leased 40,000 SF to Halloween City at
•
2.518 acres at the Grand Parkway and I-10 in Katy, TX
ground leasing
West Oak Village in Houston, TX
•
Hugh Ruggles represented Whiskey Cake in purchasing
Rebecca Le and John Nguyen leased 2,450 SF to Fusion
Katy Freeway in Houston, TX
•
•
at Villagio Town Center in Katy, TX
•
N. Main in Houston, TX
•
•
John Nguyen leased 3,177 SF to CrossFit Doulos at
The Shops at Williams Trace in Sugar Land, TX
Bob Conwell and Rebecca Le leased 9,400 SF to Gracie
Barra Jiujitsu at Westheimer and Fondren in Houston, TX
•
Spring • Summer 2016 | 26
Dave Ramsey represented the seller in the sale of 488
acres to FedEx at Grand Parkway and West Road.
•
Dave Ramsey represented the seller in the sale 1304
acres on FM 2100 in Highlands, TX
•
Dave Ramsey represented the seller in the sale 716 Acres
at the corner of Penick & Berry in Waller, TX
Our quest
is your success.
Specializing in retail space leasing,
management, development, land brokerage,
investment sales and tenant representation,
10,746,775 SF
OWNED
NewQuest Properties is one of the premier
commercial real estate brokerage firms in
Texas and Louisiana.
Our dedicated team excels at meeting
12,135,000 SF
LEASED
11,718,969 SF
MANAGED
your needs and exceeding all expectations.
From retail center development, leasing,
acquisition and financing to architectural
design, marketing, space planning, and
property management, NewQuest is an
expert at bringing your commercial project
vision to life.
Dallas / Ft. Worth Area
Pflugerville
Greater Houston Metro
New Braunfels
Corpus Christi
Shreveport