HOUSTON – August 25, 2014 – NewQuest Investment Company is pleased to announce it has purchased the Phillips Edison Fund Portfolio, a 1,350,735 square foot, 9 property retail portfolio, located in 6 states.
Shopping centers included in the portfolio are as follows:
|Village Center||Phoenix, AZ||Target (Ground Lease)|
|Prairie Point||Aurora (Chicago), IL||Mariano’s|
|Glidden Crossing||DeKalb, IL||Schnuck’s|
|Plaza North||Omaha, NE||Omaha, NE|
|Deerfield Place||Omaha, NE||Dollar Tree|
|Silver State||Sparks, NV||Ross, Planet Fitness|
|Marketplace||Independence (Kansas City), MO||Price Chopper, Petco, Big Lots|
|Hermiston Plaza||Hermiston, OR||Safeway, Big Lots, Bealls|
|Johnson Creek||Happy Valley, OR||Trader Joe’s|
The purchase is the fifth for NewQuest Investment Company since August, 2013, bringing its acquisition totals to more than 2 million square feet and more than $245 million in value. NewQuest Investment Company, in conjunction with institutional partners, seeks value-add grocery-anchored and power center retail in top 60 markets, select college towns and resort communities.
NewQuest Investment Company is the investment arm of NewQuest Properties, a full-service retail development, leasing and management company with more than 60 assets totaling more than $1 billion. For more information about NewQuest Investment Company, or NewQuest Properties, please visit our websites – 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.