NewQuest Selects Texas Regional Bank To Backfill Prized Spot in Brazos Town Center

HOUSTON—NewQuest is adding Texas Regional Bank to the 2.5-msf lineup in Brazos Town Center, signing a financial institution in expansion mode to backfill a closed branch of a Fortune 500 firm.

Brazos Town Center‘s Phase II will be Texas Regional Bank’s third location in Greater Houston. The privately owned institution has leased a 3,795-sf building on a 0.98-acre (42,931 sf) pad site, which Capital One developed in 2013 and has been vacant for less than six months.

Situated at the crosshairs of FM 762 and US Hwy. 59 in Rosenberg, Brazos Town Center is the third most-visited power center in the state, logging more than 9.5 million customer visits in five months. Texas Regional Bank has scooped up a site at a signalized intersection and close to Phase II’s anchors, Kroger, JC Penney and Academy Sports + Outdoors.

“We had a lot of activity on this vacancy, particularly from restaurateurs. A bank taking over another financial institution’s building just makes good sense,” says Nina Irwin, senior leasing representative for Houston-based NewQuest. She represented the landlord in the direct deal.

Texas Regional Bank will be the second financial tenant in NewQuest’s second phase and the sixth in the entire project. A Q2 opening is anticipated.

NewQuest has seated Brazos Town Center with a world-class collection of shopping, dining, and entertainment at the bull’s eye of Rosenberg’s super-regional destination trade area. The first phase is fully leased, and the second is 99.8% leased.

“It was a quick deal,” Irwin says. “The bank came to us and inquired about the vacancy.”

Texas Regional Bank, headquartered in Harlingen, has branches in Memorial and Louetta, opening the first in 2021. The company’s expansion plan is focused on bringing a locally owned, relationship-style financial institution to communities throughout the region.

SOUTH TEXAS LEASES

Shipley’s Do-Nuts has leased 1,500 sf of retail space in Sheldon Forest Shopping Center, located at the intersection of Interstate 10 and Sheldon Road, Channelview, from Sheldon Forest Retail Partners LLC. . Nina Irwin of NewQuest Properties represented the landlord. James Weaver of Arena Realty Advisors represented the tenant.

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