Minnesota-based Rockler Woodworking and Hardware has zeroed in on NewQuest Properties' Spring Town Center for its second store in Greater Houston. Construction on a brand-new building is expected to begin within 90 days.
"Our project worked well for them because of the co-tenancy and location. Spring Town Center has an exceptionally strong customer base," says Bob Conwell, vice president of NewQuest Properties. "Rockler's team came to us after discovering a large number of its customers were driving from northwest Houston to its Southwest Freeway store."
Rockler has claimed one of the few remaining spaces on the northeastern side of NewQuest's 67-acre development, which has attracted a popular and prominent mix of brands in the retail, restaurant and entertainment industries to the FM 2920 and Kuykendahl Road corridors in northwest Houston. NewQuest will develop a 6,040-sf building and plan to turn it over in the summer for tenant finish-out. Rockler, the center's fourth junior anchor, plans to open the store in the fourth quarter.
Spring Town Center has evolved into a regional power center, expanding in tandem with the fast-paced growth of the city of Spring and its neighboring suburbs. ExxonMobil's 385-acre campus, designed for 10,000 employees, is located just four miles northeast as will be the just-announced 378,000-sf office project for HP Inc. To the south and less than a half mile away from Spring Town Center is Klein Independent School District's 4,200-student high school.
"It's a good market, really solid," Conwell says. "Opening sales for Spring Town Center's shops and restaurants historically are strong." Pie Five Pizza, Red Robin Gourmet Burgers and Fuzzy's Taco Shop each recorded the highest opening sales in the Houston marketplace for their respective chains.
In a one-mile trade area, the average annual household income is pushing $128,000. Population has spiked 29.3% since 2010. And, the seven-lane FM 2920 has a daily traffic count of 37,451 while the five-lane Kuykendahl Road, which is the back entrance to the Woodlands, carries more than 43,000 vehicles each day.
Rockler's end-cap building will abut Palais Royal and be positioned just a few doors from the 12-screen Cinemark Theater. "The theater draws a tremendous number of people as do the restaurants," Conwell says.
On Spring Town Center's northeastern side, the 22.7-acre tract is almost built out with 365,000 sf of retail, restaurants and entertainment space. The 44 acres on its southeastern side seat more than 289,000 sf of restaurants and retail. There are three available pad sites and 4,000 sf of vacant space.
"I've been with this project about 12 years. It's become a regional draw and it's pretty close to completion," Conwell says.
Conwell partners with Ashley Williams Strickland, a NewQuest associate, on Spring Town Center's leasing and marketing. Craig Wielansky of L3 Corp. and Joe Silver of Streetwise Retail Advisors represented Rockler Woodworking, which also has a store at 3265 Southwest Freeway.
Rockler's offers more than 15,000 products for the DIY crowd, including a wide assortment of hard-to-find woodworking tools, accessories and specialty items. The chain's portfolio of corporate stores and retail resellers covers 20 states.
SOUTH TEXAS LEASES
Pet Supermarket has leased 7,478 sf of retail space in Marketplace at Ninety-Six, located at the intersection of League City Parkway and Hobbs Road, League City, from NewQuest Properties. Rebecca Le of NewQuest Properties represented the landlord. Debbie Adams of Edge Realty Partners represented the tenant.
Little Caesars and the UPS Store have leased 1,803 sf and 1,400 sf, respectively, of retail space in Grand Morton Town Center, located at the intersection of Grand Parkway and Morton Ranch Road, Katy, from NewQuest Properties. Josh Friedlander and Rebecca Le represented the landlord. Little Caesars was a direct deal. Jim Pappas of Pappas Commercial Real Estate represented UPS Store.
Rockler Woodworking & Hardware has leased 6,050 sf of retail space in Spring Town Center, located at the intersection of FM 2920 and Kuykendahl Road, Spring, from NewQuest Properties. Bob Conwell and Ashley Williams Strickland represented the landlord. Craig Wielansky of L3 Corp. and Joe Silver of Streetwise Retail Advisors represented the tenant.
Drs. Emilyann Nguyen and Ann Shui have leased a 3,264-sf freestanding office building at 540 W. 19th St., Houston, from Wind Water Galley Inc. Chris Dray of NewQuest Properties represented the landlord. Patrick Valentz and Drew Etheridge of Xite Realty represented the tenant.
Last Wishes LLC has leased 2,576 sf of retail space in Antoine Town Center, 12434 Tomball Parkway, Houston, from Antoine Center Partners LP. Chris Dray of NewQuest Properties represented the tenant.Josh Marcell of Moody Rambin represented the tenant.
Fajita Pete’s has leased 1,468 sf of retail space in Easton Commons, 8470 Highway 6 N., Houston, from CH Realty VII/R Houston Easton Commons LP. Chris Dray of NewQuest
Properties represented the tenant. Katherine Wildman of Wulfe & Co represented the landlord.
Floss Dental has leased 1,308 sf of retail space at3715 Washington Ave., Houston, from Elm Realty Group LLC. Chris Dray and Shireen Owlia of NewQuest Properties represented the landlord.Patrick Valentz and Drew Etheridge of Xite Realty represented the tenant.
Fajita Pete’s has leased 1,300 sf of retail space in Plaza at Sienna Ranch, 6144 Sienna Ranch Rd., Missouri City, from Pari Properties LLC. Chris Dray of NewQuest Properties represented the tenant. Inna Gallagher of Rubicon Realty Group LLC represented the landlord.
Supercuts has leased 1,050 sf in Chamber Town Center, located at the intersection of Interstate 10 and TX 146, Baytown, from NewQuest Properties. Bob Conwell, Brad Elmore and Austen Baldridge represented the landlord. Jack Burgher of Streetwise Retail Advisors represented the tenant.
CleanArte has leased 1,000 sf of retail space in Piney Point Shopping Center, located at the intersection of Westheimer and Fondren roads, Houston, from RPI Management. Bob Conwell and Josh Friedlander of NewQuest Properties represented the landlord in the direct deal.
