REOC San Antonio
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Kim_Gatley
Kim Gatley
S
enior Vice President & Director of Research at REOC San Antonio

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Rim-area property put up for sale

I-10_1604A local developer has been struggling to put together plans for a 15-story office tower in the explosive northwestern San Antonio corridor, and after nearly a decade of trying, the 6.7-acre site has been put on the market.

A Northwest San Antonio developer has tried unsuccessfully to get a 15-story office tower off the ground, but last-minute talks with a potential tenant could bring some spark to the 300,000-square-foot project. …Read Entire Post

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Downtown property sales cement Frost Tower deal for Weston Urban

frost tower downtown

Rendering of the future Frost Tower.

At the end of 2016, Weston Urban became the official owner of the sites at 100 W Houston St., 110 W Houston St. and 109 Main St., all of which were properties previously owned by Frost Bank and stretch over about 4.65 acres around the Houston and North Flores Streets intersection. …Read Entire Post

Blackstone seals deal on Lincoln Heights shopping center

Lincoln_Heights

Lincoln Heights retail center.

Blackstone has boosted its San Antonio portfolio by more than 220,000 square feet with the addition of The Shops at Lincoln Heights which is anchored by H-E-B, the deal was worth $1.8 billion for 2.08 million square feet of space.

At more than $74 million, the sale price of the Lincoln Heights shopping center at 999 E Basse Road equated to $334 per square foot, one of the lowest among all 19 properties. The Lakeshore Plaza retail center in San Francisco commanded the highest at $1,413 per square foot. …Read Entire Post

City Base Landing retail center up for sale

Brooks City-Base

Brooks City-Base-City Base Landing located at the entrance.

Located at 3326 SE Military Dr. — the entrance to the 1,308 acre Brooks City Base — the property has an 87 percent occupancy rate in the middle of a near-fully-occupied market.

Currently anchored by Best Buy and Office Depot, City Base Landing was built in 2005 and has since been surrounded by an influx of new residential and commercial development. Nearly 600 apartment units are making their way through the construction pipeline. …Read Entire Post

Natural Grocers preps for second San Antonio location

natural_grocers_logoThe Colorado-based specialty grocer announced the 15,000-square-foot store will be up and running sometime in Spring 2017 — less than a year after making its debut in the Alamo City with its first location along NW Military Highway. …Read Entire Post

Interstate Business Park lands new 58,000-square-foot tenant

wisenbaker_logoHouston-based Wisenbaker Builder Services Inc., a residential construction supplier, signed the deal with the park’s landlord — locally based Rio-Pas Investments Inc. — for a 58,000-square-foot space at 6903 NE Loop 410. …Read Entire Post

Target sells a portion of property, restaurant lease included

target_logoTarget Co. has sold a 1.1-acre parcel to Fort Lauderdale-based OceanSky International LLC. The pad site at 17518 La Cantera Pkwy. was originally part of Target’s 9.8-acre site in the first phase of the Rim.

Beyond simply acquiring a slice of land in the high-demand submarket, OceanSky’s deal with Target also included a lease the retailer made back in October 2015 with fast-food chain Raising Cane’s. …Read Entire Post

Local firm snaps up office complex

Peloton Commercial Real Estate’s Dallas office closed on the 122,975-square-foot 151 Technology Center complex along Loop 410, according to Real Capital Analytics. The price of the Technology Center deal was not disclosed, but according to property records the two buildings are currently appraised for more than $10 million. …Read Entire Post

USAA to start New Year with $26M build out

USAA

$26 million combined finish out for two new properties USAA will occupy.

USAA made waves across northwest San Antonio’s office market when it signed leases for two Class A buildings this past fall, and the locally based financial services company is ready to move forward with plans for $26 million worth of finish-out work for the two properties. …Read Entire Post

Mixed-use development headed for former Tobin Hill gas station

Slated for a group of sites at the corner of East Elmira and North St. Mary’s Streets, Master Property Partners Ltd. is receiving bids for a 16,000-square-foot building that will be split evenly between bottom-floor retail and top-floor office space. …Read Entire Post