Planned Sonterra Village retail center
After months of rumors, California-based grocery chain Trader Joe’s recently announced plans to open a second San Antonio location.
The specialty grocer signed a lease for about 12,500 square feet at Sonterra Village, a shopping center to be developed at 403 N. Loop 1604 W which is situated between Blanco Road and Stone Oak Parkway in the Far North sector. …Read Entire Post
Source: REOC San Antonio
“Conditions in the San Antonio office market continue to improve, but activity in the third quarter was rather slow,” says Adam Berlin, Senior Vice President, Office Services, REOC San Antonio, a locally-based, full-service commercial real estate company. According to the survey of more than 28 million square feet of area office properties, demand for office space generated only 13,874 square feet of positive net absorption for the period spanning July through September.
Although weak, third quarter activity within the tracked set pushed the year-to-date total net absorption to 334,080 square feet – indicating that demand for office space has been healthy this year compared to the past few years. …Read Entire Post
New Braunfels Town Center at Creekside
Retail development in the greater San Antonio area has been extremely limited over the past several years. Construction activity is on the rise but, so far, mostly limited to expansion within existing centers.
One example is the New Braunfels Town Center at Creekside located on 600 acres at northeast corner of I-35 and FM 306 adjacent to the new Resolute Hospital & Wellness campus which is slated to come online mid-2014. …Read Entire Post
Former Albertsons, New Braunfels
Finding new uses for vacant big box retail stores can sometimes be challenging. The former Albertson’s grocery store (51,000 sf), located on 5.7 acres at the corner of Landa St. and Walnut Ave. in the neighboring City of New Braunfels, has been vacant since H-E-B purchased it in 2011 to control competition but plans are now underway for the City of New Braunfels to purchase the building and renovate it for use as the new City Hall. …Read Entire Post
1720 W Kingsbury, Seguin
Investor interest in area industrial properties continued with the recent purchase of a 300,000-square-foot industrial property on 27 acres along Interstate 10 in the satellite community of Seguin. St. Louis, Mo.-based ElmTree Net Lease Fund II acquired 1720 W. Kingsbury Street for a reported $22.6 million. …Read Entire Post
4266 Dividend Dr.
Vitamin manufacturer NBTY recently opened a new facility in the former Judson-Atkinson Candy factory on the city’s East Side. NBTY purchased the 110,000-square-foot facility located at 4266 Dividend in May of 2012 and invested $15 million after the purchase to retool and ready it for production.
The facility currently employs 45 and is now producing 5 million vitamins every day. It has the capacity to produce up to 15 million a day and when running at full capacity is expected to employ more than 100. …Read Entire Post
Source: REOC San Antonio
The San Antonio industrial market continued its solid performance in the third quarter. According to the survey of more than 32 million square feet of area industrial space, leasing activity generated positive net absorption for a tenth consecutive quarter. “The local industrial market continues to benefit from San Antonio’s economy which has been further strengthened by a growing business base related to oil production in the nearby Eagle Ford Shale,” says John Greg Turcotte, CCIM, Senior Vice President and Partner, REOC San Antonio, a locally-based, full-service commercial real estate company.
New leases and expansions in the third quarter generated 316,485 square feet of positive net absorption led by gains in the Northeast sector. In all, area industrial properties have experienced more than 1.1 million square feet of positive net absorption year-to-date. …Read Entire Post
Wonderland of the Americas
Burke’s Outlet recently opened its first San Antonio location at Wonderland of the Americas (formerly known as Crossroads Mall) situated at 4522 Fredericksburg Road near the intersection of Loop 410 and IH-10 in the Northwest sector. …Read Entire Post
Skyonic’s Capitol SkyMine Plant
Skyonic recently broke ground on the commercial-scale Capitol SkyMine carbon capture and mineralization facility. The $126 million chemical plant is located at 11551 Nacogdoches Road adjacent to the Capitol Aggregates cement factory in the Northeast sector and will be the first of its kind in the country. …Read Entire Post
Glazer’s Inc. recently opened its new San Antonio distribution center located on 45 acres at 1002 S. Callaghan on the city’s Far West Side. The $30 million facility, which spans over 518,000 square feet, was built to accommodate all of Glazer’s San Antonio wine, spirits and beer distribution businesses. …Read Entire Post