Another medical user has claimed a site in Grand Center at Long Meadow Farms, a 58-acre mixed-use development in west Houston. Dynamite Investments LLC has closed on a 0.95-acre pad site to develop a 6,500-square-foot medical office building. Ground will break by summer’s end along with a 9,000-square-foot MOB by an unrelated user who’s been waiting one year to begin work on a nearby 1.1-acre tract. Both locations offer direct access to the Grand Parkway/TX 99 feeder road at its junction with West Bellfort Street in Richmond. Strickland presently is locked in negotiations with a multifamily developer who has 15 acres under contract. Several potential buyers are jockeying for five acres to build a retail/services’ projects. If both deals make, Strickland will have whittled Grand Center’s available sites to 18 acres. Grand Center at Long Meadow Farms’ three-mile trade area has nearly 80,000 residents with an average annual household income of $104,666. The demographics only grow higher as the circle widens. The Fort Bend County hotspot is an outgrowth of the impact that the 180-mile Grand Parkway’s loop around Houston has had on communities it touches. Grand Center at Long Meadow Farms and neighbors Gallery Furniture and Regal Cinemas have a cross-access agreement, visually. Additionally, NewQuest Properties has announced the following transactions across Texas:
SOUTH TEXAS LEASES
Jersey Mike’s Subs has leased 1,253 square feet of retail space in Shoppes at San Felipe, located at the intersection of San Felipe and North Voss roads, Houston, from SF/Voss Ltd. Kevin Sims of NewQuest Properties represented the landlord. Lasater Miller and Lane Zieben of the Retail Connection represented the tenant.
Jersey Mike’s Subs has leased 1,500 square feet of retail space in Rock Creek Shopping Center, located at the intersection of Spring Cypress and Grant roads, Cypress, from NewQuest Properties. Kevin Sims and Nick Ramsey of NewQuest Properties represented the landlord. Lasater Miller and Lane Zieben of the Retail Connection represented the tenant.
SOUTH TEXAS SALES
Abdee Sharifan has acquired a 4,340-square-foot office building on 1.97 acres at 1935 Old Holzwarth Rd., Spring, from G Holts LLC. Bob Conwell of NewQuest Properties represented the buyer. Trey Martin and Darren O’Conor of NAI Partners represented the seller. Dynamite Investments LLC has acquired a 0.95-acre pad site in Grand Center at Long Meadow Farm, located at the intersection of Grand Parkway/TX 99 and West Bellfort Street, Richmond, from POG Kosmos LMC 2 LP. Ashley Strickland of NewQuest Properties represented the seller in the direct deal.