Nov 20
EoS Fitness and CoCo Bella Beauty Supply are joining the line-up in NewQuest Properties’ Fort Bend Town Center, where construction has just begun on a new Metro station amid ongoing store openings in the massive life-essential development.
EoS has leased 40,000 sf of to-be-built space and CoCo Bella has taken 12,530 sf, both snapping up spots in different phases of the 144-acre project. Fort Bend Town Center encompasses three corners of the intersection TX 6 and the Fort Bend Parkway Toll Road, where a freeway expansion is underway.
“This project is pushing forward at a record pace,” says Andrew Alvis, senior vice president and development partner for Houston-based NewQuest Properties. “Everything that’s built is leased or in lease negotiations.”
The fast-paced openings are taking place in Phase II. Doors are now open on another 84,335 sf –Burlington, Ross Dress for Less, Ulta, Cava, Petco, Five Below and America’s Best. By year’s end, Dollar Tree will be up and running too.
Local officials have labeled Fort Bend Town Center as a game-changing development for Missouri City. The proof is in the 1,750-space Metro Park and Ride, a $70 million project that’s anchoring NewQuest’s Phase III. The garage will be completed in Q1 2025.
“Our partnership with the city and Metro is creating a destination of strategic and vital importance for the region’s future expansion, which is inevitable when the toll road’s extension over the Brazos River is completed,” says Austin Alvis, NewQuest’s president.
NewQuestwill soon start construction on a 55,716-sf expansion of a Phase II building, of which 40,000 sf is pre-leased to EoS Fitness. If all goes as planned, the fitness facility will be open in one year.
CoCo Bella’s anticipated opening is February. The beauty supply chain is sliding into a storefront that became available when an existing tenant relocated and expanded within the development.
Alvis and Bob Conwell, senior vice president with NewQuest, represented the landlord in the two new leases. Representing EoS Fitness and CoCo Bella were Jason Baker of Baker Katz and Joanna Temple Johnston of Temple Commercial Realty, respectively.
At build-out, Fort Bend Town Center will total nearly one million sf of mixed-use space, including a 14-screen Cinemark theater. Construction began in 2007 and remained strong year after year as retail demand consistently outpaced the developer’s available space in the fast-growing suburban pocket.
“It’s a unique center in many aspects. It eventually will be a large regional hub in Fort Bend County,” Alvis says.
SOUTH TEXAS LEASES
EoS Fitness has leased 40,000 sf of retail space in Fort Bend Town Center Phase II, located at the intersection of TX 6 and Fort Bend Tollway, Missouri City, from NewQuest Properties. Bob Conwell and Andrew Alvis of NewQuest Properties represented the landlord. Jason Baker of Baker Katz represented the tenant.
CoCo Bella Beauty Supply has leased 12,530 sf of retail space in Fort Bend Town Center Phase I, located at the intersection of TX 6 and Fort Bend Tollway, Missouri City, from NewQuest Properties. Bob Conwell and Andrew Alvis of NewQuest Properties represented the landlord. Joanna Temple Johnston of Temple Commercial Realty represented the tenant.
Sunterra Nails Spa has leased 2,450 sf of retail space in Katy Pointe, 24020 Clay Rd., Katy from Katy Point Investments LLC. Nick Ramsey and Kevin Sims of NewQuest Properties represented the landlord in the direct deal.
Swig has leased 1,847 sf of retail space in Baytown Plaza, 6405 Garth Rd., Baytown, from AREP Baytown I Partners LP. Nick Ramsey and Kevin Sims of NewQuest Properties represented the landlord. Travis Waltmon of Palo Duro Commercial Partners represented the tenant.
Prompt Urgent Care has leased 1,747 sf of retail space in Brazos Town Center, located at the intersection of Interstate 69/US Hwy. 59 and FM 762, Rosenberg, from NewQuest Properties. Nina Irwin of NewQuest Properties represented the landlord in the direct deal.
Alloy Personal Training has leased 1,575 sf of retail space in Shoppes at San Felipe, located at the intersection of San Felipe and South Voss roads, Houston, from SF/Voss LTD. Nina Irwin of NewQuest Properties represented the landlord. Jim Haviland of the Windsor Group.
NewQuest Properties, founded in 2001, is a privately owned, full-service commercial real estate firm specializing in development, land brokerage, leasing, tenant representation, investment sales and property management services. Headquartered in Houston, NewQuest owns a portfolio encompassing more than 100 retail and mixed-use projects exceeding $2.3 billion in value and provides leasing services for more than 12 million square feet of commercial space in Texas, Louisiana, Arizona, Georgia and throughout the U.S.