grand morton town center - newquest properties · kroger tract 649,413 14.91 123,531 635 5.14 19 02...

GRAND MORTON TOWN CENTERNEC & SEC OF GRAND MORTON PARKWAY & MORTON RANCH RD. | KATY, TEXAS

JOIN HIGH PERFORMANCE RETAILERS IN 91+ ACRE REGIONAL DEVELOPMENT IN KATY

GRAND MORTON TOWN CENTER | KATY, TEXAS

DEMOGRAPHICS

SOURCE: USPS POSTAL COUNT, 09/19

3 MILE 5 MILES 7 MILESTRADE

AREA

CURRENT POPULATION 91,246 257,428 415,185 223,962

CURRENT HOUSEHOLDS 29,060 82,556 130,873 69,947

AVERAGE HOUSEHOLD INCOME $80,942 $92,761 $106,601 $87,107

GROWTH SINCE 2010 CENSUS 60.69% 41.64% 39.33% 46.74%

Houston Baytown

Texas City

Galveston

Pearland

Sugar Land

Katy

Conroe

The Woodlands

Spring

Cypress

45

45

10

610

610

59

59

90

90

90

TOLL

99

TOLL

99

TOLLWAY

HCTRA

TOLLWAY

HCTRA

TOLLWAY

HCTRA

FA R M

R OA D

1960

290

T E X A S105

T E X A S105

T E X A S288

T E X A S146

T E X A S146

T E X A S336

T E X A S242

T E X A S249

FA R M

R OA D

2920

TOLLWAY

WESTPARKFA R M

R OA D

1463

6T E X A S

6T E X A S

91+ ACRE DEVELOPMENT

STRONG DAYTIME POPULATION• 850,000 SF CLASS “A” OFFICE COMPLEX• SABIC HEADQUARTERS COMING SOON —

1,000 EMPLOYEES• 1 MILLION SF INDUSTRIAL CAMPUS UNDER

CONSTRUCTION

UNDERSERVED RETAIL IN CONVENIENT KATY AREA LOCATION

HIGHLY ACCESSIBLE TO COMMUTERS TRAVELING ON 99 GRAND PARKWAY AND TO I-10 ENERGY CORRIDOR

NEAR NEW KATY ISD ELEMENTARY, MIDDLE AND HIGH SCHOOLS WITH 4,300 STUDENTS

PROJECT HIGHLIGHTS

JOSH FRIEDLANDER

281.477.4381

[email protected]

$93KAVERAGE

HOUSEHOLD INCOMEWITHIN 5 MILES

257,428CURRENT POPULATION

WITHIN 5 MILES

82,556CURRENT HOUSEHOLDSWITHIN 5 MILE RADIUS

GRAND MORTONTOWN CENTER

REBECCA LE

281.477.4327

[email protected]

2,437ANNUALCLOSINGS2ND QTR

2019WITHIN 5 MILE TRADE AREA


AERIAL

10.19

Pad SitesAvailable

Pad SiteAvailable

2nd GenRestaurantAvailable

Williamsburg974 Homes

Waterstone805 Homes

Morton CreekRanch

1,200 Lots

Lakes atMason Park476 Homes

P E E K R D

M O R TO N R A N C H R D

M O R TO N R A N C H R D

10

OFF RAMP

ON RAMP

TOLL

99

GRAND PARKWAY53,000 V

PD

TOLL

99

F R A N Z R D

KATY FREEWAY 252,765 VPD10

University of Houston - West CampusHouston Community College - Katy

PROPOSED

WAREHOUSE

The Crawford atGrand Morton

336 Units

Business Park26 Acres

FUTURE

400 Unit Multi-Family1 Million SF Industrial Campus

COMING SOON

2,783 sfAvailable

Pad SitesAvailable

Sabic Headquarters1,000+/- Employees

COMING SOON

PROPOSED

FUTURE

PROPOSED

Grandway West850,000 SF

Class “A” O�ce Complex


AERIAL

10.09

REGIONAL DETENTION

TRACT '2' KROGER TRACT

TRACT '6'

TRACT '8'

TRACT '25'

TRACT '12'

TRACT '5'TRACT '4'

TRACT '22'

TRACT '23'

RETAIL 2

43

21

GR

OC

ERY

PIC

K U

P

5

GRAND PARKWAY (SH 99)

20'

70'

30' 30' 20'40' 25' 35'

45'

64'56'

444,695 S.F. (10.21 AC.)

8.84 AC. DRY BASIN

30' MAINT. BERM

30' PROPO

SED ACCESS EASEM

ENT

40' DRIVE

30' DRIVE

30' D

RIV

E

PATIO

30' DRIVE30' DRIVE

GREASE TRAP

TRANSFORMER

30' DRIVE

INTEGRATEDCOLOR CONCRETE

47

3030

9

3015

40 4442 30' D

RIV

E

41

24' D

RIV

E

40 41 41 30' D

RIV

E

43 44 44 30' D

RIV

E

43

24' D

RIV

E

24' D

RIV

E

24' D

RIV

E

24' D

RIV

E

24' D

RIV

E

24' D

RIV

E

24' D

RIV

E

30' D

RIV

E

24' D

RIV

E

40' DRIVE

24' D

RIV

E

24' D

RIV

E

24' D

RIV

E

24' D

RIV

E

40' DRIVE

24' D

RIV

E

27' D

RIV

E

27' D

RIV

E

27' D

RIV

E

27' D

RIV

E

27' D

RIV

E

27' D

RIV

E

27' D

RIV

E

11

1 2 3 4 6 7

PAD MONUMENTSIGN TYPE 'C1'

CENTER PYLONSIGN TYPE 'A2'

PAD MONUMENT

CENTER MONUMENTSIGN TYPE 'E'

PAD PYLONSIGN TYPE 'B1'


PAD PYLONSIGN TYPE 'B'




70'

35'

20'

50'

20'

WILLAMETTE DRIVE

40' 70'

12 3 4

TRACT '10A'

TRACT '10B'TRACT '11'

RETAIL 2B

17.5'

42.5'

ATM DRIVE THRU

TRACT '9'


MO

RTON

RANCH

ROAD

5 6 7 8 9

25'17' 18' 16' 24'

1065'

TRACT '24'

TRACT '7'

90'

70'

120'

178'

125'

166'

6,000 S.F.

20,000 S.F.

3,578 S.F.

6,800 S.F.6,800 S.F.

123,531 S.F.

LEASE

FUTUREEXPANSION

LEASELEASE

4,985 S.F.

3,558 S.F.

3,74

5 S.

F.

FAST

FO

OD

2,644 S.F.

4,725 S.F.

22,000 S.F.

3,956 S.F.

3,218 S.F.FAST FOOD

21,760 S.F.

7,382 S.F.

34

5

RETAIL 5-6 100' 45'

100' 12

2.6'

100'

4,500 S.F.

SIGN TYPE 'C1'

40'

75'

40'

TRACT '3'

4,877 S.F.TRACT '14' TRACT '15'

TRACT '13'

PATIO





TRACT '19'

3,70

8 S.

F.

4,81

3 S.

F.

FAST

FO

OD

FAST

FO

OD

FUTURE RETAIL 2C

FUTURE RETAIL 3

FUTUREFUTURE

FUTU

RE

FUTU

RE

FUTU

RE

FUTURE

409,000 S.F.GRANDWAY WEST

OFFICE SPACE

1

SIGN TYPE 'C'PAD MONUMENT

PAD MONUMENTSIGN TYPE 'C'


12,500 S.F.

40' DRIVE

30' D

RIV

E

TRACT '21'

30' DRIVE

30' DRIVE

PROPOSED

34,095 S.F.

211'

290'

161'

TRACT '16'

30' DRIV

E

183'

92'

20,300 S.F.LEASE

70'

26' D

RIV

E

26' D

RIV

E 26' D

RIV

E

26' D

RIV

E

26' D

RIV

E

26' D

RIV

E

2,00

0 S.

F.


2,500 S.F.

RESTAURANT2ND GENERATION

36,290 S.F.2-STORY

4,160 S.F.

PROPOSED

PROPOSED

5,557 S.F.

PROPOSED

2

RETAIL BUILDING 2

NO. NAME LEASE AREA

1 T. JIN CHINA DINER 2,100 S.F.

2 TODAY'S VISION 2,100 S.F.

3 SUBWAY 1,400 S.F.

4 PEDIATRIC DENTIST 2,800 S.F.

5 SUPERCUTS 1,400 S.F.

6 T-MOBILE 1,750 S.F.

7 GENERAL DENTIST 2,450 S.F.

RISER 36 S.F.

TOTAL 14,036 S.F.

RETAIL BUILDING 2B

NO. NAME LEASE AREA

1 VERIZON 2,543 S.F.

2 DELUXE NAILS 3,517 S.F.

3 SPORTCLIPS 1,403 S.F.

4 POSTAL PLUS 1,403 S.F.

5 WINGSTOP 1,786 S.F.

6 SUB ZERO ICECREAM 1,215 S.F.

7 KUMON 1,286 S.F.

8 ANAYAH'S SALON 1,123 S.F.

9 CORNERSTONEORTHODONTICS

1,680 S.F.

10 MALAWI'S PIZZA 4,589 S.F.

RISER ROOM 36 S.F.

TOTAL 20,581 S.F.

AVAILABLE

GRAND MORTON TOWN CENTER - SECSP-160

KATY, TEXASSEC OF GRAND PARKWAY (SH 99) & MORTON RANCH ROAD

S I T E P L A N

NORTH

200'50'0 100'

PRELIMINARY STUDY8827 W. Sam Houston Parkway N.Suite 200 | Houston, Texas 77040281.477.4300 www.newquest.com

PN

R O P E R T I E SewQuest

R

128

DEVELOPMENT SYNOPSISMAJOR LEASE SHOPPING CENTER TRACTS

TRACT #LAND AREA BUILDING

AREAPARKING

PROVIDED

PARKINGRATIO /

1000

DENSITY%(S.F.) (ACRES)

KROGERTRACT

649,413 14.91 123,531 635 5.14 19 02

TRACT '2' 460,798 10.58 105,482 572 5.42 22 89

TRACT '3' 38,878 0.89 6,000 44 7.33 15 43

TRACT '4' 32,396 0.74 2,644 28 10.59 8 16

TRACT '5' 46,625 1.07 6,406 58 9.05 13 74

TRACT '6' 40,393 0.93 7,095 24 3.38 17 56

TRACT '7' 67,355 1.55 4,877 40 8.20 7 24

TRACT '8' 42,575 0.98 3,578 36 10.06 8 40

TRACT '9' 45,420 1.04 3,558 34 9.56 7 83

TRACT '10A' 59,699 1.37 4,985 57 11.43 8 35

TRACT '10B' 45,046 1.03 3,745 45 12.02 8 31

TRACT '11' 54,336 1.25 6,800 99 14.56 12 51

TRACT '12' 54,366 1.25 6,800 95 13.97 12 51

TRACT '13' 56,417 1.30 4,160 57 13.70 7 37

TRACT '14' 48,518 1.11 3,708 64 17.26 7 64

TRACT '15' 52,852 1.21 4,813 52 10.80 9 11

TRACT '16' 164,453 3.78 36,290 214 5.90 22 07

TRACT '19' 106,731 2.45 20,300 117 5.76 19 02

TRACT '21' 165,867 3.81 34,095 248 7.27 20 56

TRACT '22' 55,183 1.27 3,956 23 5.81 7 17

TRACT '23' 44,089 1.01 7,382 48 6.50 16 74

TRACT '24' 40,861 0.94 4,725 23 4.87 11 56

TRACT '25' 37,045 0.85 3,218 37 11.50 8 69

SUBTOTAL 2,409,314 55.31 408,148 2,650 6.49 16 94

ACCESS ROAD 24,864 0.57

DETENTION 444,695 10.21

R.O.W. 34,914 0.80

SUBTOTAL 504,473 11.58

TOTAL 2,913,787 66.89

This Site Plan is presented solely for the purpose of identifying the approximate location and size of thebuildings presently contemplated within the Shopping Center. Subject to the limitations, conditions and anyother restrictions expressly provided for in the Lease, building sizes, site dimensions, access, parking andlandscaping areas are subject to change at Landlord's discretion. Except as otherwise expressly provided inthe Lease, the identities of any other existing or proposed tenants or occupants, as well as the designation ofany building space to be occupied by the same, are for information purposes only, shall not constitute anyagreement or covenant on the part of Landlord as to the future use or occupancy of any such building space,and shall remain subject to change at Landlord's discretion.

DEVELOPMENT SYNOPSIS LAST UPDATED: SP160 DATE: 10.31.19

RETAIL BUILDING 5-6

NO. NAME LEASE AREA

1 COMET CLEANERS 1,585 S.F.

2 AVAILABLE 4,785 S.F.

3 SPRINT 3,014 S.F.

4 GNC 1,225 S.F.

5 MATTRESS ONE 2,856 S.F.

RISER ROOM 36 S.F.

TOTAL 13,501 S.F.10.31.19

REGIONAL DETENTION

TRACT '2' KROGER TRACT

TRACT '6'

TRACT '8'

TRACT '25'

TRACT '12'

TRACT '5'TRACT '4'

TRACT '22'

TRACT '23'

RETAIL 2

43

21

GR

OC

ERY

PIC

K U

P

5

GRAND PARKWAY (SH 99)

20'

70'

30' 30' 20'40' 25' 35'

45'

64'56'

444,695 S.F. (10.21 AC.)

8.84 AC. DRY BASIN

30' MAINT. BERM

30' PROPO

SED ACCESS EASEM

ENT

40' DRIVE

30' DRIVE

30' D

RIV

E

PATIO

30' DRIVE30' DRIVE

GREASE TRAP

TRANSFORMER

30' DRIVE

INTEGRATEDCOLOR CONCRETE

47

3030

9

3015

40 4442 30' D

RIV

E

41

24' D

RIV

E

40 41 41 30' D

RIV

E

43 44 44 30' D

RIV

E

43

24' D

RIV

E

24' D

RIV

E

24' D

RIV

E

24' D

RIV

E

24' D

RIV

E

24' D

RIV

E

24' D

RIV

E

30' D

RIV

E

24' D

RIV

E

40' DRIVE

24' D

RIV

E

24' D

RIV

E

24' D

RIV

E

24' D

RIV

E

40' DRIVE

24' D

RIV

E

27' D

RIV

E

27' D

RIV

E

27' D

RIV

E

27' D

RIV

E

27' D

RIV

E

27' D

RIV

E

27' D

RIV

E

11

1 2 3 4 6 7



PAD MONUMENT

CENTER MONUMENTSIGN TYPE 'E'







70'

35'

20'

50'

20'

WILLAMETTE DRIVE

40' 70'

12 3 4

TRACT '10A'

TRACT '10B'TRACT '11'

RETAIL 2B

17.5'

42.5'

ATM DRIVE THRU

TRACT '9'


MO

RTON

RANCH

ROAD

5 6 7 8 9

25'17' 18' 16' 24'

1065'

TRACT '24'

TRACT '7'

90'

70'

120'

178'

125'

166'

6,000 S.F.

20,000 S.F.

3,578 S.F.

6,800 S.F.6,800 S.F.

123,531 S.F.

LEASE

FUTUREEXPANSION

LEASELEASE

4,985 S.F.

3,558 S.F.

3,74

5 S.

F.

FAST

FO

OD

2,644 S.F.

4,725 S.F.

22,000 S.F.

3,956 S.F.

3,218 S.F.FAST FOOD

21,760 S.F.

7,382 S.F.

34

5

RETAIL 5-6 100' 45'

100' 12

2.6'

100'

4,500 S.F.

SIGN TYPE 'C1'

40'

75'

40'

TRACT '3'

4,877 S.F.TRACT '14' TRACT '15'

TRACT '13'

PATIO





TRACT '19'

3,70

8 S.

F.

4,81

3 S.

F.

FAST

FO

OD

FAST

FO

OD

FUTURE RETAIL 2C

FUTURE RETAIL 3

FUTUREFUTURE

FUTU

RE

FUTU

RE

FUTU

RE

FUTURE

409,000 S.F.GRANDWAY WEST

OFFICE SPACE

1

SIGN TYPE 'C'PAD MONUMENT



12,500 S.F.

40' DRIVE

30' D

RIV

E

TRACT '21'

30' DRIVE

30' DRIVE

PROPOSED

34,095 S.F.

211'

290'

161'

TRACT '16'

30' DRIV

E

183'

92'

20,300 S.F.LEASE

70'

26' D

RIV

E

26' D

RIV

E 26' D

RIV

E

26' D

RIV

E

26' D

RIV

E

26' D

RIV

E

2,00

0 S.

F.


2,500 S.F.

RESTAURANT2ND GENERATION

36,290 S.F.2-STORY

4,160 S.F.

PROPOSED

PROPOSED

5,557 S.F.

PROPOSED

2

RETAIL BUILDING 2

NO. NAME LEASE AREA

1 T. JIN CHINA DINER 2,100 S.F.

2 TODAY'S VISION 2,100 S.F.

3 SUBWAY 1,400 S.F.

4 PEDIATRIC DENTIST 2,800 S.F.

5 SUPERCUTS 1,400 S.F.

6 T-MOBILE 1,750 S.F.

7 GENERAL DENTIST 2,450 S.F.

RISER 36 S.F.

TOTAL 14,036 S.F.

RETAIL BUILDING 2B

NO. NAME LEASE AREA

1 VERIZON 2,543 S.F.

2 DELUXE NAILS 3,517 S.F.

3 SPORTCLIPS 1,403 S.F.

4 POSTAL PLUS 1,403 S.F.

5 WINGSTOP 1,786 S.F.

6 SUB ZERO ICECREAM 1,215 S.F.

7 KUMON 1,286 S.F.

8 ANAYAH'S SALON 1,123 S.F.

9 CORNERSTONEORTHODONTICS

1,680 S.F.

10 MALAWI'S PIZZA 4,589 S.F.

RISER ROOM 36 S.F.

TOTAL 20,581 S.F.

AVAILABLE

GRAND MORTON TOWN CENTER - SECSP-160

KATY, TEXASSEC OF GRAND PARKWAY (SH 99) & MORTON RANCH ROAD

S I T E P L A N

NORTH

200'50'0 100'

PRELIMINARY STUDY8827 W. Sam Houston Parkway N.Suite 200 | Houston, Texas 77040281.477.4300 www.newquest.com

PN


R

128



AREAPARKING

PROVIDED

PARKINGRATIO /

1000


KROGERTRACT

649,413 14.91 123,531 635 5.14 19 02

TRACT '2' 460,798 10.58 105,482 572 5.42 22 89

TRACT '3' 38,878 0.89 6,000 44 7.33 15 43

TRACT '4' 32,396 0.74 2,644 28 10.59 8 16

TRACT '5' 46,625 1.07 6,406 58 9.05 13 74

TRACT '6' 40,393 0.93 7,095 24 3.38 17 56

TRACT '7' 67,355 1.55 4,877 40 8.20 7 24

TRACT '8' 42,575 0.98 3,578 36 10.06 8 40

TRACT '9' 45,420 1.04 3,558 34 9.56 7 83

TRACT '10A' 59,699 1.37 4,985 57 11.43 8 35

TRACT '10B' 45,046 1.03 3,745 45 12.02 8 31

TRACT '11' 54,336 1.25 6,800 99 14.56 12 51

TRACT '12' 54,366 1.25 6,800 95 13.97 12 51

TRACT '13' 56,417 1.30 4,160 57 13.70 7 37

TRACT '14' 48,518 1.11 3,708 64 17.26 7 64

TRACT '15' 52,852 1.21 4,813 52 10.80 9 11

TRACT '16' 164,453 3.78 36,290 214 5.90 22 07

TRACT '19' 106,731 2.45 20,300 117 5.76 19 02

TRACT '21' 165,867 3.81 34,095 248 7.27 20 56

TRACT '22' 55,183 1.27 3,956 23 5.81 7 17

TRACT '23' 44,089 1.01 7,382 48 6.50 16 74

TRACT '24' 40,861 0.94 4,725 23 4.87 11 56

TRACT '25' 37,045 0.85 3,218 37 11.50 8 69

SUBTOTAL 2,409,314 55.31 408,148 2,650 6.49 16 94

ACCESS ROAD 24,864 0.57

DETENTION 444,695 10.21

R.O.W. 34,914 0.80

SUBTOTAL 504,473 11.58

TOTAL 2,913,787 66.89



RETAIL BUILDING 5-6

NO. NAME LEASE AREA

1 COMET CLEANERS 1,585 S.F.

2 AVAILABLE 4,785 S.F.

3 SPRINT 3,014 S.F.

4 GNC 1,225 S.F.

5 MATTRESS ONE 2,856 S.F.

RISER ROOM 36 S.F.

TOTAL 13,501 S.F.10.31.19


SITE PLAN

SP160 | 10.31.19

3 BAY TLE

TIRE AND BATTERY

STORAGE

(FENCED AREA)

DOCK WELL

DOCK WELL

GROCERY VESTIBULE

& CART STORAGE

OUTDOOR GARDEN

CENTER (FENCED AREA)

GM VESTIBULE &

CART STORAGE

BYPA

SS

DO NOT ENTER

BIKERACK

5,135 S.F.

GRAND MORTON TOWN CENTER - NEC

KATY, TEXAS

SP-90

NEC OF GRAND PARKWAY (SH 99) & MORTON RANCH ROAD

S I T E P L A N

NORTH

0 30' 120'

PRELIMINARY STUDY

60'

8827 W. Sam Houston Parkway N.Suite 200 | Houston, Texas 77040281.477.4300 www.newquest.com

PN


R

MORTON RANCH ROAD

GRAND P

ARKW

AY (S

H 99)

129

186,902 S.F.

1,053 S.F.

1,750 S.F.ANIMAL HOSPITALGRAND MORTON

1,803 S.F.

2,450 S.F.TENDER TOUCH NAILS

CENTER PYLONSIGN TYPE 'A'


CENTER MONUMENTSIGN TYPE 'D'


PAD MONUMENTSIGN TYPE 'C3' PAD MONUMENT

SIGN TYPE 'C1'


CENTER PYLONSIGN TYPE 'A'

Q-SHI BBQ & SUSHI

E

2,834 S.F.1,050 S.F.

1,400 S.F.

2,158 S.F.

TRAC

T 'A

'

DEVELOPER TRACT

OUTPARCEL '3'OUTPARCEL '2'

OUTPARCEL '1'

2,700 S.F.



AREAPARKING

PROVIDED

PARKINGRATIO /

1000


TRACT 'A' 736,801 16.91 186,902 775 4.15 25 37

DEVELOPER 178,439 4.10 26,952 232 8.61 15 10

OUTPARCEL '1' 67,849 1.56 5,135 62 12.07 7 57

OUTPARCEL '2' 45,399 1.04 2,700 35 12.96 5 95

OUTPARCEL '3' 29,999 0.69 2,158 27 12.51 7 19

SUBTOTAL 1,058,487 24.30 223,847 1,131 5.05 21 15

PROPOSEDR.O.W.

3,801 0.09

SUBTOTAL 3,801 0.09

TOTAL 1,062,288 24.39



1,107 S.F.

2,764 S.F.

10.22.19

2,733 S.F.LEASE

PACIFIC DENTAL5,693 S.F.

1,089 S.F.

1,190 S.F.


SITE PLAN

SP160 | 10.31.19


SITE PLAN


2010 Census, 2019 Estimates with Delivery Statistics as of 09/19

POSTAL COUNTS 3 MILE 5 MILES 7 MILES TRADE AREA

Current Households 29,060 82,556 130,873 69,947

Current Population 91,246 257,428 415,185 223,962

2010 Census Average Persons per Household 3.14 3.12 3.17 3.20

2010 Census Population 57,006 182,042 298,398 152,883

Population Growth 2010 to 2019 60.69% 41.64% 39.33% 46.74%

CENSUS HOUSEHOLDS

1 Person Household 15.69% 15.53% 14.54% 15.14%

2 Person Households 26.18% 26.97% 25.99% 25.27%

3+ Person Households 58.13% 57.50% 59.47% 59.58%

Owner-Occupied Housing Units 76.50% 75.79% 77.49% 75.33%

Renter-Occupied Housing Units 23.50% 24.21% 22.51% 24.67%

RACE AND ETHNICITY

2019 Estimated White 66.03% 64.29% 62.45% 61.74%

2019 Estimated Black or African American 12.44% 12.92% 13.19% 14.76%

2019 Estimated Asian or Pacific Islander 5.21% 7.54% 9.75% 6.19%

2019 Estimated Other Races 15.70% 14.64% 14.03% 16.68%

2019 Estimated Hispanic 37.26% 36.04% 34.75% 40.11%

INCOME

2019 Estimated Average Household Income $80,942 $92,761 $106,601 $87,107

2019 Estimated Median Household Income $78,447 $82,861 $91,344 $77,428

2019 Estimated Per Capita Income $27,073 $31,224 $35,082 $28,380

EDUCATION (AGE 25+)

2019 Estimated High School Graduate 24.20% 21.67% 20.07% 23.88%

2019 Estimated Bachelors Degree 20.20% 23.46% 25.80% 21.02%

2019 Estimated Graduate Degree 9.16% 10.71% 13.19% 8.94%

EDUCATION (AGE 25+)

2019 Median Age 33.1 33.3 33.2 32.1

DEMOGRAPHICS

Information About Brokerage ServicesTexas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS:• A BROKER is responsible for all brokerage activities, including acts performed by sales agents

sponsored by the broker.• A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents):

• Put the interests of the client above all others, including the broker’s own interests;• Inform the client of any material information about the property or transaction received by the

broker;• Answer the client’s questions and present any offer to or counter-offer from the client; and• Treat all parties to a real estate transaction honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner’s agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner’s agent must perform the broker’s minimum duties above and must inform the owner of any material information about the pro erty or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant’s agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer’s agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who

will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. A broker who acts as an intermediary:

• Must treat all parties to the transaction impartially and fairly;• May, with the parties’ written consent, appoint a different license holder associated with the broker

to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction.

• Must not, unless specifically authorized in writing to do so by the party, disclose:• that the owner will accept a price less than the written asking price;• that the buyer/tenant will pay a price greater than the price submitted in a written offer; and• any confidential information or any other information that a party specifically instructs the broker

in writing not to disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:• The broker’s duties and responsibilities to you, and your obligations under the representation agreement.• Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.

Licensed Broker/Broker Firm Name orPrimary Assumed Business Name

Designated Broker of Firm

Licensed Supervisor of Sales Agent/Associate

Sales Agent/Associate’s Name

License No.

License No.

License No.

License No.

Phone

Phone

Phone

Phone

Email

Email

Email

Email

Buyer/Tenant/Seller/Landlord Initials Date

Regulated by the Texas Real Estate Commission (TREC) | Information available at http://www.trec.texas.gov

The information herein is subject to errors or omissions and is not, in any way, warranted by NewQuest Properties or by any agent, independent associate or employee of NewQuest Properties. This information is subject to change without notice.

8827 W. Sam Houston Parkway N. | Suite 200 | Houston, Texas 77040 | 281.477.4300

Home Asset, Inc., dba NewQuest Properties 420076 - (281)477-4300

H. Dean Lane, Jr. 366134 [email protected] (281)477-4300

H. Dean Lane, Jr. 366134 [email protected] (281)477-4300

Rev 11.07.19 AD

GROCERY-ANCHORED

SHOPPING CENTERS

MARKET LEADER

MAXIMIZING VALUE

RETAIL & MIXED-USE PORTFOLIO

$2.2 BILLIONEXCEEDING CLIENT EXPECTATIONS

IN TEXAS &

LOUISIANA

LEASING SERVICES12 MILLION SF

AVAILABLE

COMMERCIAL LAND

175 PADS300 ACRES

REPRESENTATION

ACCOUNTS

TENANT75+

THE NEWQUEST NATIONAL NETWORK

NewQuest Properties is one of the nation’s leading commercial real estate services firms,

with a fully integrated marketing platform leveraging over 20 years of combined experience

in land, development, commercial leasing, investment sales, property management and

tenant representation services.

grand morton town center - newquest properties · kroger tract 649,413 14.91 123,531 635 5.14 19 02...

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