HOUSTON – September 24, 2013 – NewQuest Investment Company is pleased to announce it has purchased Paulding Commons, a 210,000 SF community center, in Hiram, Georgia – a northwest Atlanta submarket. The 94% occupied center is located at the northwest corner of Highway 278 (Jimmy Lee Smith Parkway) and Highway 92 (Hiram Acworth Highway), and is anchored by Academy Sports and Outdoors and K-Mart.
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.
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.