5 NEWQUEST KROGER MARKETPLACE CENTERS COMING SOON Page 03
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FALL 2014 5 NEWQUEST KROGER MARKETPLACE CENTERS COMING SOON Page 03 New DevelopmentsPage 05 Breaking Ground Page 02 Page 15 Why PageNewQuest 09 Tenant NewQuest? Grand Parkway Representation Developments NewQuest Properties has a portfolio exceeding $1 billion in assets and employs more than 100 employees at its corporate headquarters in Houston, Texas. Having developed over 100 neighborhood, regional, specialty and mixed-use shopping centers throughout Texas since 2001, NewQuest owns projects from Corpus Christi to the Dallas/Ft. Worth area and is currently expanding into Louisiana. NewQuest has a proven track record of developing successful shopping centers in high-growth communities. 01 ■ NEWQUEST PROPERTIES ■ 500,000 SF total space available for lease ■ $1.41 billion in NewQuest owned assets ■Knowledge. 600,000 SF under construction Experience.■ Completes 300+ Results.leases per year ■ 70+ active Tenant Rep accounts ■ Over 100 sales transactions per year Why■ 185 ready to build pad sites NewQuest?■ 448 acres of improved commercial land available ■ Leases over 4.1MM SF of retail space ■ 6.86MM+ SF of shovel-ready un-built space ■ 86 third party centers leased by NewQuest NewQuest experienced significant growth as evidenced by several new retail developments, widespread 600,000 SF expansion of current projects, and the creation of new Currently under construction business divisions under the NewQuest banner. As Texas continues to outpace the nation economically, 2,000,000 SF NewQuest will capitalize on the positive business To be built / in planning, environment found within the Lone Star State. design or development phase Closed on $180 MM worth of properties in 2014 Developed and financed over 2MM square feet of commercial real estate NEWQUEST PROPERTIES ■ 02 03 ■ NEWQUEST PROPERTIES New Kroger Marketplace Centers Coming to Texas NewQuest will welcome 5 new Kroger Marketplace stores in the coming year. Kroger’s 123,000-square-foot Marketplace store is a multi-department store offering full-service grocery, pharmacy, fresh foods, and general merchandise including apparel, furnishings, home goods, small appliances and jewelry. Each of these stores will also feature a Kroger Fuel Center. Continued on page 5 NEWQUEST PROPERTIES ■ 04 New Kroger Marketplace Centers LeagueMarketplace City, Texas at Ninety-Six Cypress,Fairfield Texas Marketplace This exciting new project is a 36-acre retail development that will This new 22 acre retail development will feature a new Kroger feature a Kroger Marketplace, as well as several pad sites and Marketplace store and fuel center, as well as several pad sites and approximately 25,000 SF of retail space. Construction will begin approximately 30,000 SF of retail space. Fairfield Marketplace early 2016 with an estimated delivery date of early 2017. is situated at the main entrance to one of northwest Houston’s strongest 3,200 acre master-planned communities, Fairfield, in Marketplace at Ninety-Six is situated at the main entrance to Cypress, TX. The shopping center is conveniently located less one of League City’s strongest residential communities. Money than 2 miles from the newly opened Grand Parkway, as well as magazine named League City one of the 100 Best Small Cities Houston Premium Outlet Mall featuring 145 stores. Construction in America. League City’s proximity to Houston, The University will begin mid 2015 with an estimated store open date of early of Texas Medical Branch, and Johnson Space Center provides 2016. exposure to the area’s major industry sectors while still being an excellent place to raise a family. Marketplace at Ninety-Six is located in League City, Texas, south of State Highway 518 and just west of Interstate 45. 05 ■ NEWQUEST PROPERTIES New Kroger Marketplace Centers N.North Richland TarrantHills, Texas Marketplace Bartonville,Lantana Texas Town Center North Tarrant Marketplace is a 220,219 SF development which Construction has begun on Lantana Town Center which is the sits on the border between Colleyville and N. Richland Hills, retail component of Republic Property Group’s award-winning TX. Construction has begun on the 123,000-square-foot Kroger Lantana master-planned 1,780-acre golf course community in Marketplace located at the southwest corner of North Tarrant southwestern Denton County. Lantana Town Center is located Parkway and Precinct Line Road. Kroger Marketplace will anchor along the newly widened FM 407, a major east-west arterial the shopping center development which will feature other retailers, linking I-35 E and I-35 W in Bartonville, TX. Slated for a May banks and restaurants. Only 6,000 SF of retail space and a 2015 opening, the center will be anchored by a 123,000 SF couple pad sites remain to be leased. The development consists Kroger Marketplace alongside several pad sites, retail space of eight pad sites total, Jr. box space, a Kroger fuel station and is and a professional office building. scheduled to open Spring 2015. Katy,Shops Texas at Katy Reserve Shops at Katy Reserve is a 33 acre, 286,074 SF mixed-used development located in Katy, Texas, one mile south of Interstate 10 at the southwest and southeast corners of FM 1463 and Spring Green Blvd. This project is in close proximity to one of the largest master-planned communities in the nation, Cinco Ranch, and is also located adjacent to a Toll Brothers’ new Katy community with homes starting in the mid 400’s. Kroger’s 123,000-square-foot Marketplace The development will welcome a 123,000 “ SF Kroger Marketplace store in mid 2015. store is a multi-department store offering The center will also feature two multi-tenant full-service grocery, pharmacy, fresh foods, buildings on the southeast corner totaling 20,200 SF and 22,400 SF of retail on the and general merchandise including apparel, southwest corner. furnishings, home goods, small appliances and jewelry.” NEWQUEST PROPERTIES ■ 06 NewQuest Developments Baytown,Chambers Texas Town Center Chambers Town Center recently welcomed a new Walmart Super Center and is now leasing space at the intersection of I-10 and SH 146 in Baytown, TX. With approximately 350,000 SF of new retail, anchored by the Walmart Superstore and other big box retailers, this high-profile development is the first major retail shopping center in east Houston’s expanding Mont Belvieu community. The regional center capitalizes on Mont Belvieu’s growing workforce and population, which have seen exponential increases in conjunction with the area’s multi-billion dollar refinery expansions. Chambers Town Center has established a foundation for a well-rounded tenancy with new tenants such as Showbiz Cinemas, Whataburger, Chick-Fil-A, Methodist Hospital, Sport Clips, and Mattress Firm. Tenants are attracted to the site’s excellent I-10 visibility and ease of access. Negotiations are underway with additional retailers totaling over 100,000 square feet, which will bring an unprecedented level of amenities, services, and options to this East Houston market. Camp Forbing Town Center CampShreveport, Forbing LA Town Center will be the first NewQuest development in Louisiana. This development will be anchored by a 120,000-square-foot national grocery chain and a state-of-the-art YMCA facility. It will also include a fuel center, restaurants and other retail establishments. Located on the northwest corner of East Flournoy Lucas at Ellerbe Road in Shreveport, the center will be situated on a portion of Camp Forbing, a 47-acre camp the YMCA has operated since 1945. The open space is used as a summer day camp, but is not fully utilized throughout the year. Camp Forbing Town Center enables the YMCA to modernize their facilities to better serve the surrounding community. The 33,000-square-foot YMCA facility will include new amenities such as an indoor pool and a teaching kitchen for nutrition classes, as well as the typical features of a YMCA. NewQuest wants to preserve some of the Camp Forbing’s history, and therefore will incorporate several current features into the overall development. Portions of the Elvis Presley pool, as well as stone wall from a historic church site, will be preserved by NewQuest. Camp Forbing Town Center is scheduled to open in 2016. 07 ■ NEWQUEST PROPERTIES NewQuest Developments CurrentlyCarrollton,Carrollton Texasundergoing Town a $7MM Center face-lift, Carrollton Town over 40 locations in California, Nevada, Washington and Center marks the third DFW acquisition for NewQuest in the Texas. Founded in 1984, 99 Ranch Market provides a wide past year. A major redevelopment of an existing 154,000 SF and diverse array of both specialty ethnic foods and more center, Carrollton Town Center will be anchored by a new traditional grocery items. The Carrollton location will be its 50,000 SF 99 Ranch Market grocery store and will feature second store in the DFW market and its forth in Texas. 99 extensive common-area enhancements and contemporary Ranch Market is scheduled to open early 2015. storefront upgrades designed to create an exciting destination to shop and dine. Carrollton Town Center is located at the southeast corner of President George Bush Turnpike and Old Denton Road. Carrollton’s Town Center’s anchor, 99 Ranch Market, is the country’s largest gourmet Asian supermarket chain, with NEWQUEST PROPERTIES ■ 08 TheNewQuest NewQuest developments Grand of Grand MortonParkway Town Center Area and Grand Developments Parkway Town Center are located along the newly opened extensions of the Grand Parkway (State Hwy 99). At completion, this 180+ mile circumferential scenic highway will traverse seven counties and encircle the Greater Houston region. The now completed portions of the Grand Parkway serve as a natural thoroughfare for people traveling to and from Cypress to Katy and onto the Energy Corridor. Grand Morton Town Center and Grand Parkway Town Center will directly benefit from the increase in commuters traveling the Grand Parkway. Grand Parkway Town Center GrandTomball, Parkway Texas Town Center will feature 370,072 SF of retail and fifteen pad sites fronting Hwy 249 and the future Grand Parkway in Tomball, Texas.