NewQuest Properties has signed The Kebab Shop for the last spot in its newest building in Stone Hill Town Center, adding the first Mediterranean restaurant to a one-million-sf mix of leading national, regional and local brands in Greater Austin.
The California-based chain has leased a 2,613-sf end cap at 18616 Limestone Commercial Dr., Pflugerville. The Kebab Shop, eyeing an early Q1 opening, will co-tenant with Nothing Bundt Cakes, Duck Donuts and James Avery in the 8,000-sf, class A retail building.
"There aren't many Mediterranean restaurants in the region. The Kebab Shop is a new dining category for Stone Hill and is needed," says Josh Friedlander, vice president of Houston-based NewQuest Properties. He and associate Kevin Sims lease the 196-acre destination development, located about 12 miles northeast of the state capital.
The Kebab Shop, founded in 2007, has 18 sites in San Diego, Orange County and the Bay Area in California. The privately owned and operated chain expanded to Texas last year. Stone Hill Town Center will be its fourth location.
"The success of other restaurants in Stone Hill Town Center is a strong attraction for new-to-market operators like The Kebab Shop," Friedlander says.
Stone Hill Town Center is located at the bull's eye of development in the Pflugerville-Round Rock region, offering the longest stretch of retail frontage at the TX 45-130 junction. Anchored by a 185,334-sf Target, the project neighbors several brand-new hotels, the $21 million Typhoon Texas Waterpark and multiple large-scale residential communities with more on the horizon. The most recent growth catalyst is Amazon's under-construction 441,000-sf delivery station, which is just 10 miles north, and the Fortune 500 company's promising expansion in the future.
With three Austin-area sites in hand, The Kebab Shop's owners had Pflugerville-Round Rock in their sights as the next location. Their broker Greg Stanislawski of Retail Strategy had introduced other tenants to Stone Hill and did so again. The lease was a done deal within a few months of the tour.
"It certainly helped that Stone Hill's restaurants and businesses have been performing well throughout Covid," Friedlander says. "The Kebab Shop is a popular, up and coming chain that should do well in our development."
NewQuest Properties, founded in 2001, is a privately owned, full-service commercial real estate firm specializing in development, land brokerage, leasing, tenant representation, investment sales and property management services. Headquartered in Houston, NewQuest owns a portfolio encompassing more than 60 retail and mixed-use projects valued at $2.2 billion and provides leasing services for more than 12 million square feet of commercial space in Texas, Louisiana and throughout the U.S.
CENTRAL TEXAS LEASE
The Kebab Shop has leased 2,613 sf of retail space in Stone Hill Town Center, located at 18616 Limestone Commercial Dr., Pflugerville, from NewQuest Properties. Josh Friedlander and Kevin Sims of NewQuest Properties represented the landlord. Greg Stanislawski of Retail Strategy represented the tenant.
SOUTH TEXAS LEASES
Lumin Lash has leased 1,600 sf of retail space in Riverstone Plaza, 4821 LJ Parkway, Sugar Land, from Riverstone Plaza LLC. Andrew Alvis and Bob Conwell of NewQuest Properties represented the landlord in the direct deal.
Domino's Pizza has leased 1,400 sf of retail space in the Shops at Katy Reserve, located at the intersection of FM 1463 at Spring Green Boulevard, Katy, from NewQuest Properties. J.J. McDermott and Kevin Sims of NewQuest Properties represented the landlord. Robert Hantgan of Colliers International represented the tenant.
