NewQuest Properties

NewQuest Properties is a commercial real estate and development company headquartered in Houston, Texas. The company formed in 2001 and is focused on developing town centers.
History
The company formed in 2001 when real estate professionals Steven Alvis and David Klein merged their company, Quest Properties, with firms headed by Jay K. Sears of Sears Realty Co. and Kyle Lippman of Nathan, Sommers, Lippman, Jacobs & Gorman. In developing town centers, the firm provides commercial real estate development, land acquisition, financing, design, leasing and management. and became one of the fastest growing retail development companies in the Southwestern United States.
NewQuest sold $442 million in retail assets to Inland American Real Estate Trust Inc. in 2005 and another $197 million, also to Inland, in 2011. After that last sale, the firm's remaining commercial real estate assets totaled $1.1 billion. In 2012 the company formed NewQuest Epic Investments, a retail investment partnership focused on the acquisition of grocery-anchored retail centers.
Public private partnership
In 2012, the firm joined the city of Seguin, Texas and the Seguin Economic Development Corporation in a $5 million public-private partnership to develop 545 acres just east of San Antonio. The city and economic development corporation agreed to each contribute $1.25 million, with NewQuest responsible for the remainder. The Texas Department of Transportation would administer construction of an access road from Interstate 10.
The project included Seguin Town Center, a master planned retail and mixed-use development, and Seguin Commerce Center, planned to meet demand of industrial users arttracted to the area by a new Caterpillar plant located directly across I-10 as well as by the Eagle Ford Shale development.
NewQuest executives
*Steven D. Alvis, Managing Partner
*Jay K. Sears, Principal
*H. Dean Lane, Jr., Partner
*Kyle D. Lippman, Principal
*Katherine Hatcher, President/Chief Operating Officer

Main Menu

See Also

Main Menu