NewQuest Investment Company purchases Houston shopping center
August 30, 2013
HOUSTON – August 29, 2013 – NewQuest Investment Company is pleased to announce it has purchased the Easton Commons Shopping Center in Houston, Texas. The 193,595 square foot grocery-anchored center is located at the northeast corner of Highway 6 and West Road in Houston’s Copperfield master-planned community. Easton Commons is anchored by a strongly performing Kroger Signature and Studio Movie Grill. 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. As part of its value-add strategy, the new ownership intends to remodel the entire center.