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NewQuest Properties Secures 10-Year Lease With Game Time For 69,105 SF In Willowbrook Pavilion

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LEASED

Texas

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Retail69,105 SF
Leased 02/05/2024
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LEASED

NewQuest Properties Secures 10-Year Lease With Game Time For 69,105 SF In Willowbrook Pavilion

Retail69,105 SF
Leased 02/05/2024
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Summary

Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:69,105 SF
Transaction Type:Lease

NewQuest Properties has secured a 10-year lease with Game Time, Florida's largest amusement vending operator, for 69,105 square feet in Willowbrook Pavilion, located at 18355 TX-249 in Houston. This lease marks Game Time's entry into Texas, following its acquisition of iT'Z Entertainment's space. Game Time plans to enhance the gaming experience and food offerings during a year-long transition period. Additionally, after renovations, EoS Fitness will open in the former theater space.

Summary of transaction details:

  • Property Type: Retail
  • Square Footage: 69,105
  • Address: 18355 TX-249, Houston

The brokers involved in this lease transaction are Kevin Sims and Nick Ramsey from NewQuest Properties, representing both the tenant, Game Time, and the landlord, Willowbrook Pavilion. Game Time is making its debut in Texas with this lease, while NewQuest Properties continues to expand its portfolio in the Houston market.

Players

Kevin Sims
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BROKER

Nick Ramsey
NewQuest Properties
10 deals
BROKER

Details

LEASED
IMAGE: Kevin Sims & Nick Ramsey DATE: 02/05/2024 ADDRESS: 18355 TX-249 MARKET: Houston ASSET TYPE: Retail ~ SF: 69,105 TENANT: Game Time BROKERS: Kevin Sims & Nick Ramsey - New Quest Properties (@NQ_Properties) LEASE TERM: 10-year NOTE: NewQuest Properties has secured a 10-year lease with Game Time, Florida's largest amusement vending operator, for 69,105 square feet in Willowbrook Pavilion, marking its entry into Texas. Game Time's lease follows its acquisition of iT'Z Entertainment's space, with plans for a year-long transition to enhance the gaming experience and food offerings, while EoS Fitness prepares to open in the former theater space after renovations.

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Deal Type
Effective Rent (Annual)

$3,961,056.90

Total Lease Value

$39,610,568.99

Net Landlord Cash Flow$3,961,056.90