SOURCE: NewQuest Properties

NewQuest Properties

June 12, 2012 09:07 ET

NewQuest Properties Announces Commercial Leases in Humble, New Braunfels

Steak 'n Shake Coming to Deerbrook Commons; Willie's Grill & Ice House to New Braunfels Town Center at Creekside

HOUSTON, TX--(Marketwire - Jun 12, 2012) - NewQuest Properties, a Houston commercial real estate company, is pleased to announce ground leases in Humble and New Braunfels, Texas. The commercial leases include a pad site at Deerbrook Commons Shopping Center in Humble to Steak 'n Shake and one to Willie's Grill & Ice House in New Braunfels Town Center at Creekside.

"We're excited about the growth of these two retail centers, as well as the continued growth throughout the state," says Shannon Parker, Director of Marketing at NewQuest Properties. "From taxation and regulation to the quality workforce and living environment, Texas is the best state for business and companies across the nation know it."

A market leader in retail leasing, commercial development, land brokerage and tenant representation in Texas, NewQuest Properties represented landlord Triyar Companies in ground leasing the pad site to Steak 'n Shake at the Deerbrook Commons Shopping Center. The Center is located in the retail hub of Humble at the southwest corner of FM 1960 Bypass and Whitaker Drive. Broker Joey Lumsden represented NewQuest. David Littwitz with Chodrow Realty represented Steak 'n Shake.

In the deal for leasing a 56,407 square foot pad site in New Braunfels to Willie's Grill & Ice House, broker David K. Meyers represented NewQuest and Michael E. Bennett of Bennett Properties represented the tenant. The New Braunfels Town Center at Creekside is a 400+ acre master planned, mixed use development strategically located at I-35 and FM 306, an intersection connecting three of the state's most traveled highways.

"Retail space is still available for lease at both centers," says Parker. Companies interested can visit the website at for information.

About NewQuest Properties:
Formed in July 2001 by a team of leading real estate professionals, NewQuest Properties is a commercial real estate and development company with assets that include over 50 retail centers. NewQuest leases more than 12 million square feet in Texas.