NewQuest Closes on First Louisiana Development
HOUSTON, May 12, 2015 /PRNewswire/ -- NewQuest Properties is pleased to announce the closing of its first development in Louisiana. The new development, Camp Forbing Marketplace, is located in Shreveport on the southwest corner of Flournoy Lucas Road and Ellerbe Road. The project will be anchored by a 120,000-square-foot Kroger Marketplace and a state-of-the-art YMCA facility. Camp Forbing Marketplace brings vibrant retail and restaurants to a previously unserved area of town, as well as a proposed two-story office building.
The design of Camp Forbing Marketplace offers a unique planned development incorporating key elements of a community center with a water amenity, interconnected lighted pedestrian walkways and outdoor seating areas surrounded by natural landscaping to name a few. The design also serves as the first commercial Planned Unit Development in the city of Shreveport and is the result of a collaboration with Shreveport city officials and community leaders.
"NewQuest is excited to break ground on our first project in Louisiana," says Katherine Hatcher, President and COO for NewQuest Properties. "We are looking forward to providing the community with greater options for retail and dining in this area."
Camp Forbing Marketplace is scheduled to open in 2016.
About NewQuest Properties
NewQuest Properties currently has a portfolio of approximately 13 million square feet. With $1.4 billion in assets, NewQuest is a market leader in the development of retail centers, coordinating every aspect of retail center development from land acquisition, financing, design and development to leasing, tenant representation and property management. Visit www.newquest.com for more information.
About Kroger
The Kroger Southwest Division operates 212 stores, 205 pharmacies and 124 fuel centers in Texas and Louisiana and is part of one of the nation's largest retail grocery chains serving customers in 34 states and the District of Columbia. For more than 125 years, Kroger has emphasized a customer-first approach to providing quality products, value pricing, outstanding service and an exceptional shopping experience. Headquartered in Cincinnati, Ohio, the supermarket retailer is dedicated to making a difference in the communities it serves by supporting hunger relief, education, health and wellness, and diversity programs. Resulting from the retailer's philanthropic commitment, Forbes magazine lists Kroger as the most generous company in America. For more information about Kroger, please visit www.kroger.com.
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SOURCE NewQuest Properties
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