Texas commercial real estate leader NewQuest Properties continues its aggressive expansion with the creation of its newest division, NewQuest Crosswell. As of March 1, NewQuest Properties will augment its brokerage team and development focus by joining forces with Houston real estate brokerage and investment group TGB Crosswell.
NewQuest Crosswell will leverage the full-service support and resources of NewQuest Properties with Crosswell’s knowledge, experience and relationships within the industry to develop retail centers throughout Texas.
“The joining of NewQuest Properties and Allen Crosswell signals to the industry that the retail development market is ramping back up,” said Katherine Hatcher President and Chief Operating Officer of NewQuest Properties. “We highly value the expertise and creativity that Crosswell brings to us and are excited about the opportunity to increase our retail development activity in Texas with Allen and his team.”
Allen Crosswell, co-founder of TGB Crosswell, is a highly- respected developer with more than 20 years of experience in Houston’s land brokerage and development arenas. He is known for identifying and executing successful raw land investment and development opportunities. Several others from TGB Crosswell will also be joining NewQuest Crosswell including Ned Torian, Tod Greenwood and Eric Lestin as well as many of their brokers.
“I’ve never been more confident about the vibrancy of the industry,” said Crosswell. “This is the right time, chemistry and team to align with. Our philosophy of building client trust through service along with a daily commitment to honor and fulfill that trust fits perfectly with that of NewQuest Properties’.”
This latest move by NewQuest Properties directly follows the recent acquisition of Texas/Southwest Group and the founding of NewQuest Epic Investments. NewQuest Epic Investments, a new division created approximately three months ago, locates and acquires existing grocery-anchored retail centers in the top 60 markets nationally. The Texas/Southwest Group became a division of NewQuest Properties approximately six months ago to expand NewQuest’s reach into restaurant-focused tenant representation.
