NewQuest Properties announces the sale of a premier Galleria land tract.

April 5, 2012 - PRLog -- NewQuest Properties represented the seller, Whitney National Bank, in selling 3.4662 acres on Post Oak Boulevard and Transco One Drive near the Lakes on Post Oak in the heart of the Galleria.  

The buyer, Alliance Communities which builds under the Broadstone brand, plans to develop a 272 unit multi-family building with a parking garage on the site  The 5 story building will commence construction this month.  

The project is scheduled to be completed during the first quarter of 2014. This site was one of the few remaining vacant land parcels in the vicinity.

This development opportunity, with existing lake amenity, has easy access to Loop 610, Highway 59 and the Westpark Tollway.   The Galleria has more than 24 million visitors annually making it the number one shopping and tourist attraction in Houston and the 4th largest retail complex in the United States.  

Cullen Kappler represented NewQuest Properties and Brian Austin with Alliance Communities represented the buyer.

--NewQuest is a market leader in retail leasing, development, land brokerage, tenant representation and investment sales. With projects from Corpus Christi to the Dallas/Ft. Worth area, NewQuest has a proven track record of meeting the needs of a diverse client roster. Our in-house team can coordinate every aspect of retail center development, acquisition, financing, architectural design and property management.

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NewQuest is a market leader in retail leasing, development, land brokerage, tenant representation and investment sales. With projects from Corpus Christi to the Dallas/Ft. Worth area, NewQuest has a proven track record of meeting the needs of a diverse client roster.