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Nacogdoches Crossing, a 22,434-sf neighborhood shopping center located on the northeastern outskirts of the San Antonio, was sold by Santikos Real Estate Services to a private investor. Nacogdoches Crossing garnered significant interest due to future development potential and a Walmart-shadow-anchored retail center located at 6826 North Loop 1604 E. in the Northeast submarket. Companies 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. The 103,000-square-foot shopping center, anchored by Sprouts Farmers Market and Petco along Callaghan Road, has been sold to a California investor for $21.9 million. The deal closed on Monday; while the sales price was not disclosed, the building was last appraised by Bexar County for $88 million. The 28-story tower at 300 Convent St. was last owned by two real estate investment companies: Talcott Realty Investors of Hartford, Connecticut, and Clarion Partners of New York. A partnership between Artemis Real Estate Partners, Ackerman & Co. and MLL Capital purchased a four-building medical office portfolio totaling 423,411 square feet, according to a press release. Two of the downtown San Antonio buildings, the Santa Rosa Professional Pavilion — which is 128,578 square feet — and the 123,324 square foot Rosa Verde Tower, […] Real estate investment firm Harris Bay is under contract to buy the Commerce Building in downtown San Antonio and move its Texas office there, the firm announced Wednesday. Though the sale price was not disclosed, Bexar County’s latest appraisal of the 40,000 square foot, eight-story building at 314 E. Commerce St. was $2.875 million. The 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. GrayStreet, one of the most active developers downtown, bought the Depression-era building in December from Hearst, the parent company of the San Antonio Express-News, and plans to turn it into 60,000 square feet of upscale office space with a rooftop restaurant. Up-and-coming urban builder GrayStreet Partners is undertaking its biggest project yet, redeveloping 23 acres of neglected land across Broadway from The Pearl that would rival the historic brewery’s makeover in size. Peripheral Vascular Associates, a local medical company that specializes in arteries and veins, is spending $3 million renovating an aging office building downtown for use as its new headquarters. |
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