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 Amazon Fulfillment Center – Schertz Hines recently purchased the 1,262,294-square-foot Amazon fulfillment center in Schertz. The new owner reportedly spent $129.2 million for the colossal Class A warehouse. The sale is the company’s fourth global logistics purchase this year. The facility is situated at 6000 Schertz Parkway, just west of Interstate 35 and 20 miles northeast of downtown San Antonio. …Read Entire Post  Former Mission Road Power Plant EPIcenter, a nonprofit created by CPS Energy, decided against using former Mission Road Power Plant as its headquarters saving an estimated $75 million in upgrades. …Read Entire Post
Groundwork is expected to start September along the IH-10 frontage road at S Santa Clara Road across from the San Antonio Raceway. …Read Entire Post AEW Capital Management LP, a multinational institutional investor, recently entered the San Antonio real estate market with its purchase of the two-building Lanark Distribution Center TA Realty. The 235,000-square foot facility is located along the I-35 corridor at 610 Lanark in the Northeast sector of the City. The property’s front building is 147,376 square feet and was built in 1975 while the 88,044-square-foot back building was built in 1982. …Read Entire Post  Hines, the international real estate firm, recently announced that it will develop Corner Ridge Crossing, a master-planned, four-building, 576,800-square-foot light industrial business park in northeast San Antonio. The 45-acre property is located within Cornerstone Industrial Park and features direct access to Ackerman Road, less than one mile north of a full interchange on I-10. Corner Ridge Crossing will be Hines’ first industrial project in San Antonio, and groundbreaking is anticipated in July with completion in the second quarter of 2020. Corner Ridge Crossing will feature two rear-load buildings totaling 198,000 square feet, one 127,000-square-foot front-load building and one 252,000-square-foot cross dock building. The park will have direct access to a full I-10 interchange via Ackerman Road and to loop 410 via Cornerway Boulevard and feature Class A building characteristics including 28’-32’ clear height, ample car and trailer parking, and two points of ingress/egress. Corner Ridge Crossing will be able to accommodate tenants ranging in size from 19,000 square feet to 252,000 square feet. Corner Ridge Crossing will have space available beginning in Q1 2020. Click to read full article: Hines to develop Corner Ridge Crossing in San Antonio (Hines press release, June 30, 2019)
 Aerial view of Brooks Prague-based business and services provider OKIN BPS has selected San Antonio for its U.S. headquarters. The expansion will create around 1,500 jobs and nearly $23 million in capital investment. OKIN BPS has received an incentive from the Texas Enterprise Fund grant for $6.6 million. The new offices will be located at …Read Entire Post  First building completed at Gateway10 Business Park near Interstate 10 and North Foster Road XPO Logistics Inc. signed a lease for an entire warehouse at Gateway10 Business Park in Northeast San Antonio. The Class A distribution center broke ground in October and was completed in July. XPO will be occupying the first completed building in the development. The warehouse has a …Read Entire Post  The Logistics Commerce Center on San Antonio’s Northeast Side will be built in two phases. Davis Commercial Development broke ground on its Logistics Commerce Center, a 400,400 sf industrial complex in the Northeast Side of San Antonio. The center is being built int the Cornerstone Industrial Park and will be comprised of 260,000 sf Class A cross-dock warehouse, and a 140,400 sf front-load warehouse. “The growth of San Antonio and the overall economic growth of the city is driving the demand for …Read Entire Post  Enterprise Industrial Park Colony Industrial, the industrial real estate arm of Colony NorthStar Inc., has bought the Enterprise Industrial Park for $52.1 million. Enterprise Industrial Park, at 17745 Lookout Rd. in Schertz, consists of two Class A light industrial buildings totaling 639,797 sf. The buildings are 88 percent leased to nine tenants with a weighted average lease term remaining of 5.3 years. The two buildings, in the heart of I-35’s industrial corridor, neighbor such notable tenants as Amazon.com Inc.’s regional fulfillment center and Caterpillar. Click here to read the full article: National commercial real estate investor buys industrial properties for $52.1M (San Antonio Business Journal, 4/11/18) |
AW Texas, Inc., a Japanese transmission maker owned by Fortune Global 500 company Aisin, plans to build a $400-million plant in Cibolo that will span approximately 500,000 square feet and bring 900 jobs to the Northeast San Antonio suburb.