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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New Property in Schertz Finds a Buyer

Doerr LaneThe brand new property at 9850 Doerr Lane, called Schertz 1, was finished in March and then bought by HPI in June. It sits on 15 acres and features loading docks on either side of the building. The purchase price was not disclosed.

Schertz 1 is being co-leased by HPI and CBRE and has a number of high profile neighbors including Amazon, FedEx, O’Reilly Auto Parts and Caterpillar, which all operate distribution centers or warehouses in the area. The proximity is helping HPI, who says leasing interest in the property is high.

Last August, HPI closed on an 11-property, 1.03 million square foot portfolio put up for sale by Prologis. With this new deal, the company now owns 1.2 million square feet of industrial space, and is looking to continue its aggressive purchasing trend.

Click here to read the original article: HPI lands new industrial property in Schertz San Antonio Business Journal 6-28-2017

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