NewQuest

Check out the exciting new Tex-Mex restaurant coming to Hutto! Texas icon Chuy’s has just broken ground in NewQuest Townwest Commons, the fully leased, 250,000-SF neighborhood-essential center in Hutto. This is kickstarting the developer’s vision to increase the retail and restaurant attractions in the fastest-growing suburb in Austin’s northeastern tier. Placer.ai most recently pegged Townwest Commons‘ foot traffic at 2.3 million visits in the past year. Within a five-mile radius, the population has spiked 40% since 2020, creating a trade area with 128,000 residents who earn an average of $157,000 per year. “Chuy’s will be the first new full-service restaurant in Hutto in some time. It’s an exciting launch for our plan to expand Townwest Commons,” says Josh Friedlander, leasing director and development partner for the Houston-based commercial real estate firm. The 5,412-sf restaurant is expected to open in Q1. To read more, visit: https://lnkd.in/gn4JUuF3

The wait is finally over! The 155,000-SF Costco Wholesale opened yesterday at 8AM, kicking off NewQuest's final phase of The Grand at Aliana, the 67-acre regional power center in Richmond. As residential growth spiked, NewQuest has continuously expanded the Grand at Aliana, with plans for 665,000-SF of mixed-use space and 350 apartments. “Costco’s opening speaks to the high household growth of Aliana and Katy, considering the brand has another store less than six miles away,” says Josh Friedlander, senior vice president of Houston-based NewQuest. “We’re filling Phase III with additional exciting restaurant options and services,” Friedlander says. “Costco is going to bring tremendous traffic and sales volume to the Grand at Aliana.” To read more, please visit: https://bit.ly/4cGTQO8

Congratulations to Kim Nguyen-Than for 20 years at NewQuest! We are so grateful for you and everything you have done for our team. We look forward to many more successful years together!

We are excited to announce our Summer Interns at NewQuest. Please join us in welcoming them to the following departments: Development: Abby Cotter Marketing: Taggart Atwood Caroline Greebon GIS/Research: Claire Lifrieri Julian Garza Brokerage: Makenzie Olsen Cameron McCurry Benjamin Postma Andrew Jimenez Clayton Medlenka Welcome to the team!

Please join us in welcoming the newest members of our team! Welcome to NewQuest, Carey Hain, Danielle Vargas, and Tina Tadlock

After pushing occupancy to 95%, The Shops at Shiloh has sold! The just-sold retail center, totaling 14,927 SF, is anchored by a CEFCO convenience store and gas station. “We took on a half-leased project in a tertiary market and got it to 95% before we brought it to market. There were four or five offers because of the attractive cap rate and upside in future leasing,” says Austen Baldridge. Austen Baldridge partnered with Marc Peeler, formerly with the firm, on the dual-pronged assignment. To read more go to: https://lnkd.in/g7Ejw6bK

Come see where deals are being made! Booth #4037R #icsc

Join our team at Booth 4037R at ICSC in the Las Vegas Convention Center!