NewQuest Breaks Ground on 87,502 SF Retail Project in Richmond, Texas

RICHMOND, TEXAS — Local developer NewQuest has broken ground on an 87,502-square-foot retail project in Richmond, a southwestern suburb of Houston. The project is an expansion of The Grand at Aliana, a 650,000-square-foot retail power center, and the new space is preleased to Dick’s Sporting Goods (60,249 square feet) and Havertys Furniture (27,253 square feet). Both stores are expected to open before the end of the year. Matt Reed and Greg Bracchi of SHOP Cos. represented Dick’s Sporting Goods in the lease negotiations. Mark Reeder, Ed Heap, Jonathan Probst and Ryan Johnson of SRS Real Estate Partners represented Havertys. Josh Friedlander internally represented NewQuest in both sets of lease negotiations and partnered with the firm’s David Meyers on the Havertys deal.