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.
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.