HOUSTON – August 29, 2013 – NewQuest Investment Company is pleased to announce it has purchased the Easton Commons Shopping Center in Houston, Texas. The 193,595 square foot grocery-anchored center is located at the northeast corner of Highway 6 and West Road in Houston’s Copperfield master-planned community. Easton Commons is anchored by a strongly performing Kroger Signature and Studio Movie Grill.
NewQuest Investment Company is the investment arm of NewQuest Properties, a full service retail development, leasing and management company with assets totaling more than $1 billion in value. The NewQuest Investment Company team, and its institutional partners, seek value-add grocery-anchored and power center retail in top 60 markets, select college towns and resort communities nationwide. As part of its value-add strategy, the new ownership intends to remodel the entire center.
For more information about NewQuest Investment Company, or NewQuest Properties, please visit www.newquestinvestmentcompany.com and www.newquest.com.
About NewQuest Properties
NewQuest Properties is a market leader in retail leasing, development, land brokerage, investment sales and tenant representation headquartered in Houston with a portfolio exceeding $1 billion in assets including 60 retail centers throughout Texas. NewQuest Properties focuses on developing value-added, grocery anchored retail centers throughout Texas and provides third party leasing, tenant representation, property management, construction and land brokerage. NewQuest Properties has a proven track record of meeting the needs of a diverse client roster managing more than 12 million square feet of leased retail space and projects from Corpus Christi to Dallas / Ft. Worth. Its in-house team coordinates every aspect of retail center development, acquisition, financing, architectural design and property management.