SOURCE: NewQuest Properties

NewQuest Properties

August 28, 2012 09:07 ET

NewQuest Properties Announces Commercial Leases in Houston, Katy & El Paso TX

New Sears & Ulta Cosmetics Opening in Houston, Dick's Sporting Goods Coming to El Paso

HOUSTON, TX--(Marketwire - Aug 28, 2012) - NewQuest Properties, a leading commercial real estate company based in Houston, is pleased to announce new commercial leases in Houston, Katy and El Paso, Texas. Among the recent tenant representation transactions are multiple leases for Ulta Cosmetics, Sears at Royal Oaks Village, and the lease of more than 50,000 SF in El Paso for Dick's Sporting Goods.

"Texas is the place to do business," says NewQuest partner H. Dean Lane. "Our state continues to outpace the nation in turns of economic growth, and as each new retail lease brings more jobs for an even stronger economy, we see that is not changing anytime soon."

Lane and NewQuest broker Matt Reed represented the tenants in each of the recent transactions, which included 9,440 SF at Cypresswood Court, located at the southwest corner of I-45 and Cypresswood Drive in Houston to Ulta Cosmetics. Vanessa Barfuss of Transwestern represented the landlord.

Ulta Cosmetics also leased 9,457 SF at The Center at River Oaks, located at Kirby and W. Alabama in Houston, and 9,457 SF at Bella Terra located at the Grand Parkway and FM 1093 in Katy, Texas. R. Shaw MacIntyre of Moody Rambin Page represented the landlord in the Katy deal and Michael Ainbinder of The Ainbinder Company represented the landlord in the Houston River Oaks lease.

Also in Houston, Sears leased 26,024 SF at Royal Oaks Village, located at Westheimer and Royal Oaks Club Drive. Jonathan Probst of Retail Connection represented the landlord.

In addition, Lane and Reed represented Dick's Sporting Goods in leasing 50,018 SF in The Fountains at I-10 and Hawkins in El Paso, Texas. West Miller of Centergy Retail represented the landlord in this commercial lease.

Lane welcomes companies interested in doing business in Texas to visit the NewQuest website at www.newquest.com.

About NewQuest Properties
NewQuest Properties is a leader in retail leasing, tenant representation, commercial development, and land brokerage. Formed in July 2001 by a team of leading real estate professionals, NewQuest leases more than 12 million square feet in Texas and has assets that include over 50 retail centers.