NewQuest has broken ground on infrastructure for the 544-acre Seguin Exchange, bringing to life a nearly 20-year vision for a game-changing mixed-use development in Guadalupe County.
Seguin Exchange‘s build-out will feature retail, medical, hospitality, entertainment and multifamily space plus two million sf of industrial development. The shopping center anchoring the class A project will encompass more than 750,000 sf.
The development is destined to be a catalyst for growth in the Interstate 10 corridor through Guadalupe County and Seguin, the county’s seat and one of its largest cities. The closest major retail center to Seguin Exchange is located 130 miles east in Katy, where NewQuest is developing the 165-acre Texas Heritage Marketplace.
“Seguin Exchange is the most significant mixed-use development in Seguin and Guadalupe County, bringing a tremendous economic impact through sales taxes, property taxes and jobs,” says Austin Alvis, president and chief development officer of Houston-based NewQuest.
Sales taxes will be driven by the retail component of Seguin Exchange, which will be anchored by a big box general merchandiser and a home improvement store. Josh Friedlander, leasing director and development partner of NewQuest, and Leni Sandoval, associate, who are preleasing the retail space, have leases under negotiation for more than 400,000 sf, including the anchors.
With infrastructure work underway, NewQuest plans to deliver utilities and roads to the various components by year’s end, opening the door for construction to start on the shopping center and other vertical uses. The first retail stores will open at the end of 2027, with the majority of retailers, service businesses and restaurants coming on line in 2028.
NewQuest acquired the 544 acres in 2007 and patiently waited until the south-central region’s development push reached Seguin. There are 60-plus master-planned communities now under construction to meet steadily growing demand.
“Seguin’s population and job growth has been substantial and has garnered the attention of enough retailers to justify new class A development,” Alvis explains.
Seguin Exchange, which has one mile of interstate frontage, is strategically positioned at the junction of I-10 and TX 46. The super-regional site’s trade area includes Seguin’s top employers – Caterpillar Inc., a Fortune 500 company, and Vitesco Technologies AG, a German-based automotive supplier, offering a combined workforce of 3,000, as well as manufacturing and supply hubs for multiple corporations.
The project allows for more than 250 acres of industrial development, which NewQuest will develop through a joint venture with a Houston-based firm. The first user, Ohio-based automotive supplier KTH Parts Industries Inc., has closed on 40 acres and will begin construction in late 2026 to kick off the industrial park.
NewQuest continues to be the most active mixed-use developer in Texas. Seguin Exchange is one of the largest in its current pipeline, which has at least 30 projects in various stages of development.
“We are fortunate to have been patient with superior land positions,” Alvis says. “Seguin Exchange represents a long-term bet that will prove to have far-reaching and positive impacts on the local economy. We want to express our sincere gratitude to Seguin and Guadalupe County for their support through the years to get to this critical milestone.”
SOUTH TEXAS LEASES
Olive Garden and Cheddar’s Casual Café have ground-leased a 1.57-acre pad site (68,708 sf) and 1.31-acre pad site (57,393 sf), respectively, in Texas Heritage Marketplace, located at the intersection of Interstate 10 and Texas Heritage Parkway, Katy, from NewQuest. Bob Conwell and David Meyers of NewQuest represented the landlord. Traci Holman of Baker Katz represented the tenants.
Burlington Coat Factory has leased 25,000 sf of retail space in The Grand at 249, located at the intersection of the Grand Parkway/TX 99 and TX 249, Tomball, from NewQuest. Andrew Alvis and David Meyers of NewQuest represented the landlord. Greg Stackhouse of New Regional Planning Inc. represented the tenant.
Pepper Lunch has leased 1,948 sf of retail space in Fort Bend Town Center Phase II, located at the intersection of TX 6 and Fort Bend Parkway, Missouri City, from NewQuest. Andrew Alvis and Diandra Breen of NewQuest represented the landlord. Travis Waltmon of Palo Duro Commercial Partners represented the tenant.
CENTRAL TEXAS LEASES
Chocolate Bash has leased 1,400 sf of retail space in Stone Hill Town Center, located at the intersection of TX 130 and TX 45, Pflugerville, from NewQuest. Josh Friedlander of NewQuest represented the landlord. Sean Lockovich of Falcon Realty Advisors represented the tenant.
Blo Blow Dry Bar has leased 1,260 sf of retail space in Creekside Town Center, located at the intersection of Interstate 35 and FM 306, New Braunfels, from NewQuest. Kevin Sims and Nick Ramsey of NewQuest represented the landlord. Gregory Feroli of District Real Estate Advisors represented the tenant.
