REOC San Antonio
Commercial Real Estate Since 1974   
Kim_Gatley
Kim Gatley
S
enior Vice President & Director of Research at REOC San Antonio

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San Antonio hospital launching renovation

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Southwest General Hospital getting multi-million dollar renovation.

Southwest General Hospital has launched a new expansion and renovation project that will bring more cutting-edge health care to a sector of the city experiencing increased demand for services.

The project will include a new electrophysiology cardiac catheterization laboratory. As part of the plan, the hospital will also expand the capabilities of its existing cardiac cath lab. …Read Entire Post

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My Fit Foods abruptly shuts all stores

My Fit Foods(1)My Fit Foods has announced it is closing all its stores. The Austin company had more than 50 locations in five states.

The company had more than 50 locations in five states, and had opened a 30,000-square-foot central kitchen in 2015 in Fort Worth, Texas, to prepare meals daily for its 38 Texas and Oklahoma locations. My Fit Foods had three San Antonio locations. …Read Entire Post

FedEx’s Canadian landlord expanding SA industrial footprint

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FedEx landlord buys 16 acres adjacent to Schertz facility.

PIRET — based in Vancouver, BC — is under contract for the 16 acres adjacent to the FedEx facility at 9929 and 9943 Doerr Lane as part of the REIT’s long-term goal of refocusing its core assets through new acquisitions and dispositions. The deal is expected to close sometime this quarter and will be worth an estimated $2.8 million.

FedEx accounts for more than 24.5 percent of PIRET’s rental income, with the 202,763-square-foot property in the San Antonio area as one of a number of properties the shipping company leases from the REIT. …Read Entire Post

REOC Releases 4Q 2016 Industrial Market Report

Source: REOC San Antonio/Xceligent

Source: REOC San Antonio/Xceligent

The San Antonio industrial market closed out 2016 with a healthy fourth quarter performance, totaling 323,602 square feet which raised the year-end total net gain to nearly 1.7 million square feet. Large vacancies related to frac sand storage are still expected to be staggered throughout the upcoming years but shouldn’t cause any abrupt changes to the market.

Although the concentration of oil and fracing activity is focused in the South, this sector experienced 188,844 square feet of positive net absorption – the largest amount of any sector this quarter. Even though absorption was positive, the citywide vacancy rate remained unchanged from the previous quarter at 8.3% due to the addition of offsetting new inventory. …Read Entire Post

REOC Releases 4Q 2016 Medical Office Market Report

Source: REOC San Antonio/Xceligent

Source: REOC San Antonio/Xceligent

The San Antonio medical office market retained its positive gains into the fourth quarter to complete an overall positive year in 2016. The stable local economy and expanding demographics proved to be a stimulus for healthy leasing activity following demand for medical office space.

The year-end total reached 83,514 square feet of positive net absorption after the fourth quarter supplied 15,940 square feet of additional gain. Three new buildings were delivered during the fourth quarter which contributed 65,983 square feet of medical-only office space to the market, bringing the inventory to more than 7.1 million square feet. …Read Entire Post

REOC Releases 4Q 2016 Office Market Report

Source: REOC San Antonio/Xceligent

Source: REOC San Antonio/Xceligent

Following an exciting third quarter in the San Antonio office leasing market, the fourth quarter finished strong with expansions and new leases. USAA will move into all 157,400 square feet of the newly completed Vista Corporate Center by the fall of 2017 after a reported $26 million build out.

During the fourth quarter, San Antonio managed to add 359,210 square feet of positive net absorption which raised the year-end total to more than $1.3 million square feet. The 2016 total is a major milestone in historical absorption, topping the performance of 2006 (1.1 msf) but not quite reaching the record performance of 2000 (1.9 msf). …Read Entire Post

REOC Releases 4Q 2016 Retail Market Report

Source: REOC San Antonio/Xceligent

Source: REOC San Antonio/Xceligent

The San Antonio retail real estate market ended the year strong with over 950,000 square feet of positive net absorption. The Neighborhood Center submarket led with a positive net absorption of 132,640 square feet, while the North West sector led the city by creating 62,324 square feet of positive net absorption.

The citywide vacancy rate for the San Antonio retail market tightened throughout the year which ended with an impressive 7.6% compared to the 8.0% that was recorded in the previous quarter. …Read Entire Post

Southeast Side medical space development

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MHM to redevelop former Southeast Baptist Hospital.

Methodist Healthcare Ministries has stuck a deal to acquire a 20-acre site along East Southcross Boulevard that includes the former Southeast Baptist Hospital.

It’s a deal that will draw more medical services to the site and could breathe new life into an area ripe for additional reinvestment. Methodist Healthcare Ministries plans to spend as much as $10 million to renovate the larger medical office building, which spans 60,000 square feet. …Read Entire Post

Career Point’s vacated space officially back on the market

Wonderland of the Americas

Wonderland of the Americas

Wonderland of the Americas is working to fill some 96,000 square feet of space now unoccupied as a result of Career Point College closing its campuses. Located in a pocket created by the Loop 410 and I-10 overpass at 4522 Fredericksburg Road, the multi-use property has a mix of Class A and B space, with the former commanding $21.50 per square foot. …Read Entire Post

Dallas newcomer snaps up grocery-anchored property — HEB lease included

HEB anchor tenant to large acquisition of retail center.

HEB anchor tenant to large acquisition of retail center.

A Dallas investor has emerged as the new owner of the East San Antonio property.

Component Capital Group closed on the 106,349-square-foot Lone Oak Shopping Center after acquiring the grocery-anchored asset from Los Angeles real estate firm RPD Catalyst, which owned the property for more than 10 years. …Read Entire Post