NewQuest Properties is on track to complete a $90 million regional retail center located on a 65-acre site in Tomball. The Grand at 249 will encompass an impressive 404,256 square feet upon completion, making it the largest retail destination in the submarket. Strategically situated at the intersection of Tomball Tollway/TX 249 and Grand Parkway/TX 99, this project has been in development since NewQuest acquired the site back in the early ’90s.
Leasing activity for The Grand at 249 has been robust since the beginning of this year with negotiations or signed leases totaling up to an impressive amount of approximately $388,856 square feet or about96.1%of its total space available for lease. Among some notable tenants that have already signed leases are AT&T, Boomer Jack’s Gringo’s Jersey Mike’s Milano Nails and Two Pho Nine Asian Fusion while discussions are currently underway with other top brands including potential anchor tenants as well.NewQuest is set to deliver these prime development sites next month.
Aside from inline spaces,the expansive property will also feature12 pad sites ranging from one acre up to two acres each.Additionally,the developer plans to construct two multi-tenant buildings spanning over24 ,902squarefeet combined.The highly anticipated opening date forTheGrandat249is quickly approaching,andthe community can expect nothing short of excellencefromthis dynamic new additiontoTomball’sretail landscape.
