NewQuest Epic Investments purchases Chicago area shopping center
January 22, 2014
HOUSTON – January 22, 2014 – NewQuest Epic Investments is pleased to announce it has purchased the Hoffman Village Shopping Center, a 159,433 square foot grocery-anchored center, in Hoffman Estates, Illinois, a Chicago suburban market. Located at the southeast corner of West Golf Road and Barrington Road, Hoffman Village is anchored by a 72,052 square foot Mariano’s Fresh Market.
The purchase is the fourth for NewQuest Epic Investments since September, 2013, bringing its acquisition totals to more than 700,000 square feet and more than $90 million in value. NewQuest Epic Investments, 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 Epic Investments is the investment arm of NewQuest Properties, a full-service retail development, leasing and management company with more than 50 assets totaling more than $1 billion. For more information about NewQuest Epic Investments, or NewQuest Properties, please visit our websites – www.newquestinvestmentcompany.com and www.newquest.com
