East Basse retail center acquisition brings ownership back to local roots

Village on the Green
Image courtesy of Xceligent

The 34,383-square-foot center, Village on the Green at 555 E Basse has been sold to San Antonio-based investment group 1251 Austin Highway LP.

The sale, which closed shortly before the start of the new year, shifts the ownership back to the local level after having been owned by out-of-town interests such as Columbia, South Carolina-based retail developer EDENS and, prior to that, Houston-based real estate investment trust AmREIT.

HFF brokered the deal on behalf of EDENS, who was the seller in the recent transaction. Travis Commercial is set to manage the property, and its Principal Roger Hill represented the buyer in the sale.

Valcor Commercial Real Estate Partner Jonathan Collins and Broker Drew Smith will be responsible for leasing the property, which is currently 78 percent occupied.

Click to read entire article: East Basse retail center acquisition brings ownership back to local roots (San Antonio Business Journal, 01-12-16)