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:
Shopping Center | Location | Anchor |
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 –
www.newquestinvestmentcompany.com
and
www.newquest.com