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Pair Taps 35,150 SF of Retail Space

HOUSTON-The MTI College of Business & Technology pens a five-year lease for 33,650 sf on the city's east side and a dentist pre-leases 1,500 sf for 10 years on the north side. The pair of deals adds new names to NewQuest Properties' centers.

By Jennifer Brenner Andrade | Updated on February 18, 2004

HOUSTON-A career training school has signed a five-year lease for 33,650 sf at the Hunting Bayou shopping center in East Houston while a dentist has reserved 1,500 sf for 10 years at Spring Town Center on the north side.

The MTI College of Business & Technology will open in the spring at 11420 E. Freeway in the 250,000-sf Hunting Bayou, owned by the locally based NewQuest Properties. Bob Conwell, with NewQuest, tells GlobeSt.com that the center’s occupancy went to 93% with the signing. Other tenants are 24-Hour Fitness, Cinemark Theatre, Chili’s and Joe’s Crab Shack. The center’s quoted rate is $18.50 per sf.

MTI also has a campus along US Highway 59 in southwest Houston and one in the NASA/Clear Lake submarket. Henry Hagendorf of Williford Property Group in Houston handled negotiations for the school.

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