SOLD
SELLER
David K. Holeman Of Whitestone REIT Acquires Ashford Village Retail Center In Houston For $21.7M
Retail$266 PPSF81.4K sqf
SOLD
BROKER
Steven Alvis
Managing Partner at NewQuest Properties
$22M
Sold
2
Closed
198K
Area
About
Steve Alvis is the co-founder and managing partner of NewQuest Properties. He took a leave of absence from Texas A&M Veterinary School and started Quest Properties in 1985 as the savings and loan crisis began. Alvis sold REO portfolios for failed savings and loans and accumulated approximately 40 shopping centers in Texas.
Later, Alvis utilized his real estate experience to begin building retail developments which included Cinemark’s first all-stadium seating theater, as well as the first 24 Hour Fitness in the market. NewQuest continues to represent them both, along with their real estate needs across Texas.
In 2001, Alvis combined talents with Jay Sears, forming NewQuest Properties, to develop grocery-anchored power centers. NewQuest soon became Albertson’s largest developer, and as Kroger acquired the Albertson’s locations, NewQuest then became Kroger’s single largest developer in Texas. Still today, NewQuest develops Kroger anchored centers in Texas and Louisiana, along with other well-known anchor tenants such as Target, Walmart, HEB, and Dick’s Sporting Goods.
Today, NewQuest currently represents more than 75 national, regional and local tenants throughout Texas.... Read More
Member since: August 2022