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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Whataburger affiliate buys more land near airport

whataburger_concordCompanies controlled by Whataburger executives now own 28 acres of land at the crossing of Loop 410 and U.S. 281 after buying a 9.9-acre property at the southwest corner of the intersection, near San Antonio International Airport, on October 6, property records show. The land is occupied by At Home and Tuesday Morning retail outlets. …Read Entire Post

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CPS Energy to sell riverfront property next to Lone Star Brewery

cps logoCity-owned utility company CPS Energy is selling nearly 12 acres of riverfront property in one of San Antonio’s hottest real estate markets.

The property is at the southern edge of the trendy Southtown neighborhood between the Union Pacific Railroad tracks and the west bank of the San Antonio River where it has 950 feet of frontage. The neighboring property that was once home to the Lone Star Brewery is being transformed into a $300 million mixed-use development that includes entertainment, retail and apartments. …Read Entire Post

Santikos sells 81 acres on far West Side

Santikos Enterprises has sold 81 acres of vacant land next to an H-E-B Plus on Potranco Road to a company linked to local developer John H. Roberts, property records show.

The property, just west of the corner of Potranco and Clover Creek roads, is one of the few remaining large patches of vacant land within Loop 1604 on the far West Side, where residential and commercial development is booming. The land is zoned for commercial use. …Read Entire Post

FedEx’s Canadian landlord expanding SA industrial footprint

fedex_logo

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

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

Dallas developer snaps up 44 acres of Tobin Estate for mixed-use development

Large swaths of land inside Loop 410 are becoming increasingly difficult to come by, but thanks to the foresight of a local philanthropist, one North Texas real estate investor has landed a 44-acre win.

With plans for a mixed-use development, Dallas-based Rosewood Property Co. closed last week on property from the Tobin Endowment, the entity created after the death of San Antonio businessman Robert Tobin. The property is the last remaining piece of the Tobin Estate’s original 500 acres south of the Harry Wurzbach Road and Loop 410 intersection — the nucleus of surrounding commercial and residential growth. …Read Entire Post

Oak Hills Country Club sells 10 acres to multifamily developer

oak-hills-logoThe historic but ailing Oak Hills Country Club sold about 10 acres next to its clubhouse to a partnership linked to a national multifamily developer in order to raise money for improvements.

The land, close to Louis Pasteur Drive next to the South Texas Medical Center, is zoned for multifamily development with up to 33 units an acre. Oak Hills shareholders approved the land sale in January to fund multimillion-dollar renovations including improvements to the golf course, clubhouse and other facilities.

At the time, club President J. Scott O’Brien sent a letter to shareholders saying the club has been operating at a loss for the last nine years and had $3.5 million in debt. He noted that he considered its operating model unsustainable.

 

Click here to read the full article: Oak Hills Country Club sells 10 acres to multifamily developer MySA 9-29-2016

Developer to ‘Redefine Suburb’ with Major Mixed-Use Project Near UTSA

Development plan for 114 acre UTSA Blvd site.

Development plan for 114 acre UTSA Blvd site.

The plan amendment approved on Wednesday will turn the acreage from “suburban tier” to  “urban core tier,” allowing for up to 995 multifamily housing units, 320,000 sq. ft. of Class A office space, and 120,000 sq. ft. of retail to be developed. Plans also include about 24 acres of open space. Exact amounts and final plans are yet to be determined, developer representatives told commissioners on Wednesday. …Read Entire Post

San Antonio Business Journal: Transaction Action

REOC San Antonio Outlines No Alamo

Recent deals from REOC San Antonio.

Office sales and leases:

  • Texans for Hurd has signed a 1,488-square-foot office lease in The Shops at Plaza Las Campanas at 1846 N. Loop 1604 West. The landlord, L & R Huebner Ltd., was represented by REOC San Antonio’s Brian Harris, and REOC’s Cynthia Ellison represented the tenant in the transaction.
  • Terra Vista Landscape has renewed its lease for 389 square feet in the North Chase I property at 10127 Morocco. Prime Positive Investments Inc., the landlord, was represented by REOC’s James Foreman in the renewal agreement.

…Read Entire Post

Ancira landholder buys 18 acres on Northwest Side

Ancira landholder buys 18 acres in Northwest San Antonio.

Ancira landholder buys 18 acres in Northwest San Antonio.

A company used as a landholder for Ancira Auto Group dealerships bought an 18-acre property last month along Loop 1604 on the Northwest Side.

The company, Bullish Resources Inc., bought the land between Leslie Road and Loop 1604, next to Gateway Fellowship Church, on May 24, county property records show. The land was appraised at $1.8 million this year. …Read Entire Post