HUSREF IV buys 4350 Lockhill Selma office building

4350 Lockhill Selma

It appears that investor interest in San Antonio assets is on the rise – supporting the premise of a recent article in the July/August edition of Commercial Investment Real Estate magazine.  At the Office Crossroads: What’s the next move for investors? predicts that investors looking for higher returns have started targeting secondary and tertiary markets.  Serving as a timely example, 4350 Lockhill Selma (116,545 sf) was recently purchased by Birmingham, Alabama-based Harbert United States Real Estate Fund IV, sponsored by Harbert Management Corporation. 

The building, situated on 10.02 acres, is currently 100% occupied.  HUSREF IV plans to develop a second phase on the adjacent land parcel.

Click to read Harbert United States Real Estate Fund IV Closes on 4350 Lockhill Selma (Harbert Management Corp press release, 7-24-12).