SOUTH TEXAS SALE
Liongate Holdings I LP has sold a 3,081-sf retail building on 0.95 acres at 4030 Spencer Hwy., Pasadena, to Emery Albert Laiw, trustee. Austen Baldridge and Bob Conwell of NewQuest represented the seller of the asset, which is Triple Net-leased to Black Rock Coffee Bar. Craig Elster of Marcus & Millichap Real Estate Investment Services represented the buyer.
SOUTH TEXAS LEASES
Texas Oncology has leased 35,000 sf of medical office space in Webster Town Center, located at the intersection of Interstate 45 and Texas Avenue, Webster, from NewQuest. Kevin Sims and Nick Ramsey of NewQuest represented the landlord. Nelson Udstuen and Lindsay Arbour of CBRE represented the tenant.
Marble Slab & Great American Cookie Company has leased 1,400 sf of retail space in Shoppes at Magnolia Circle, 33108 Magnolia Circle, Magnolia, from NewQuest. Lara Lee LaMendola and Andrew Alvis of NewQuest represented the landlord. Kristen Barker of Edge Realty Partners represented the tenant.
NewQuest, founded in 2001, is a privately owned, full-service commercial real estate firm specializing in development, land brokerage, leasing, tenant representation, investment sales and property management services. Headquartered in Houston, NewQuest owns a portfolio encompassing more than 100 retail and mixed-use projects exceeding $2.3 billion in value and provides leasing services for more than 12 million square feet of commercial space in Texas, Louisiana, Arizona, Georgia and throughout the U.S.
