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Property LINES p r o p e r t y LINES NewQuest Properties Corporate Newsletter | Spring • Summer 2016 Fairfield Marketplace and Shops at Katy Reserve welcome Kroger to growing communities. SHREVEPORT: DALLAS: HOUSTON: 15 New Retail Center To Serve 14 99 Ranch Market Opens in 7 Grand Parkway Spurs High-End Community Carrollton Town Center Growth and New Projects property LINES NewQuest Properties Corporate Newsletter | Spring • Summer 2016 EXPERIENCE MATTERS 550,000 SF TOTAL SPACE available for lease WHAT’S IN STORE 70+ ACTIVE TENANT REPRESENTATION ACCOUNTS 4 KROGER MARKETPLACE NEWS 1.3MM SF IN DESIGN AND HOUSTON’S GRAND PARKWAY CONSTRUCTION PIPELINE 7 STABLESIDE AT FALCON LANDING Built 164,000SF OF SHELL 8 CONSTRUCTION in 2015 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 (approximately 1,500 tenants) 17 NEWQUEST CROSSWELL Closed on 7 NEW DEVELOPMENT DEALS in 2015 18 NEWQUEST INVESTMENT COMPANY 94 RETAIL CENTERS exceeding MEET THE TEAM $1.7 BILLION in assets 19 TOP BROKERS FOR 2015 193 PAD SITES AND 269 20 ACRES OF IMPROVED LAND owned by NQ 21 TENANT REPRESENTATION PORTFOLIO SEPARATE ACQUISITION AND 23 RECENT TRANSACTIONS INVESTMENT DIVISIONS 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. North Tarrant Marketplace is a 220,219 SF development Marketplace at Ninety Six, a Kroger-anchored development institutions. The project is surrounded by the single-family which sits on the border between Colleyville and N. Richland on 36 prime acres in League City. Western League City communities of Reserve at Katy, Firethorne and Woodcreek Hills, Texas at N. Tarrant Parkway and Precinct Line Road. The has become a development hotspot, with the completion FAIRFIELD MARKETPLACE Reserve. To support the high-density residential surrounding community boasts above-average household Cypress, Texas of infrastructure projects geared toward facilitating development in the western sector, the acclaimed Katy income demographics. new growth. ISD has opened a high school, junior high and elementary The 22-acre Fairfield Marketplace development is situated at Site work is underway at the intersection of TX 96/ school, all located within one mile of the Shops at the main entrance to one of northwest Houston’s strongest League City Parkway and Hobbs Road, less than one mile the Reserve. master-planned communities, Fairfield, in Cypress, TX. west of Interstate 45. The first phase will be positioned on An eight-story Memorial Hermann Hospital is now under 18.8 acres at the southeast corner of the intersection. The LANTANA TOWN CENTER construction immediately east of the project. Fairfield Bartonville, Texas 123,000 SF Kroger Marketplace and 25,900 SF of small shop Marketplace serves as the most convenient grocery store space are slated to open in October 2016. for the 5,800 households in the Fairfield community. It This new 123,000 SF Kroger Marketplace anchored The site is two miles north of the first Cabela’s in features a new Kroger Marketplace store, several pad sites, development is the retail component of Republic Property South Texas and midway between downtown Houston approximately 30,000 SF of retail space and professional Group’s Lantana master-planned 1,780-acre golf course and Galveston Bay and also neighbors a YMCA with office building. community in Denton County. Phase II of Lantana Town 2,600 families on its membership roster. Demographics Fairfield Marketplace is also located less than 2 miles Center, which will incorporate restaurants, office space and within a two-mile trade area include an average annual from the newly opened Grand Parkway and Simon Outlet retail , is now pre-leasing. household income of $109,648 with a median age of 33. Key Mall. The Lantana Master Planned Community, awarded to the site’s development strength is its location in Clear Community of the Year by the Dallas Builder’s Association, Creek ISD, a top-ranked educational system attractive to SHOPS AT KATY RESERVE will have more than 4,000 homes at build-out. Located less a growing residential population with strong disposable Katy, Texas than 15 miles north of the DFW Airport, Lantana is an up- incomes. scale neighborhood known for its affluent households. To date, Great Clips, a nail salon, T Jin’s China Diner, Thousands of West Katy residents are now shopping and Hollywood Feed, Tokyo Samurai and The Tutoring 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. Marketplace-anchored property opened October 2015 and is located one-half mile south of Interstate 10. NORTH TARRANT The 39.8-acre Shops at Katy Reserve is situated on the MARKETPLACE east and west sides of the FM 1463-Spring Creek Boulevard 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, Spring • Summer 2016 | 8 LONE STAR STATE OF THINGS: Houston Area Tomball F-2 G Grand Parkway New Community Lifestyle Center Coming to Katy Town Center H SEGMENT OPEN DATES F-1 Humble Cypress Construction is underway Phase II will be the project’s “destination” component, I-1 Segment A | Under Study to develop a $75 million featuring a 39,000 SF theater and oversized shared green Grand Morton Segment B | Opening 2023 community lifestyle center, Stableside at Falcon Landing, space with patio seating, architecturally inviting shade E Town Center Segment C | Opening 2019 on the last remaining commercial tract of the King family’s elements and a water feature. Mick Granlund of Dallas- Katy Segment D | Open 1994 704-acre Arabian horse farm in Katy, Texas. based O’Brien & Associates Inc. is the lead architect. Houston Baytown Segment E | Open 2013 The property, which contained 1980s-era structures, Opening in December 2016, the center’s grocery Tollway D Westpark Pasadena Fulshear I-2 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 Sugar Land Missouri from Kansas in 1935. Scraping of the 34.4-acre landmark site easily accessed by Gaston Road, Greenbusch Road, and City Segment G | Open 2015 Pearland Segment H | Opening 2019 has begun. Falcon Landing Boulevard. The trade area boasts 100,000 League A City C Segment I-1 | Opening 2019 Located in the bullseye of the west Katy and Fulshear residents, of whom 70% are college graduates. Alvin Segment I-2 | Open 2008 trade area, a 102,473 SF Kroger Signature store will anchor Stableside at Falcon Landing is equidistant to B 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 GRAND PARKWAY AREA DEVELOPMENTS inline retail space, a 7,350 SF multi-tenant building and four athletic and extra-curricular events and the capacity for 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 4,500 students. 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.
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