NewQuest Investment Company Purchases 9 Property National Retail Portfolio
August 1, 2014
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||Baker’s (Kroger)|
|Deerfield Place||Omaha, NE||Dollar Tree|
|Silver State||Sparks, NV||Ross, Planet Fitness|
|Marketplace||Independence, MO||Price Chopper, Petco, Big Lots|
|Hermiston Plaza||Hermiston, OR||Safeway, Big Lots, Bealls|
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 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 Investment Company, in conjunction with institutional partners, seeks value-add grocery-anchored and power center retail in the 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 –