Kim Gatley Senior Vice President & Director of Research at REOC San Antonio
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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.
H-E-B broke ground on its largest single-build warehouse in company history. According to Carson Landsgard, H-E-B’s senior vice president of supply chain and logistics, the future warehouse’s capacity will begin at 200 shipping doors, and 180 trailers of product will be shipped every day. About 600 to 700 people are projected to be employed at the warehouse, half of those positions will be …Read Entire Post
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.
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
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.
New 187,000 SF building to be completed by November.
Titan Industrial Park, which straddles the boarder of Schertz and Selma, has announced a new addition to the 125-acre site.
Local firm Titan Development, along with Atlanta-based Robinson Weeks Partners, will be adding a fourth, 187,000-square-foot building to the park, which will be intended for multi-tenant use. …Read Entire Post
At first glance, the San Antonio Industrial market appears to have experienced a robust second quarter. Upon closer inspection, however, the recorded 720,719 square feet of positive net absorption is somewhat misleading. New construction delivered the Carrier Corp building (850,000 sf); the considerable gain from this one pre-leased facility concealed some sizeable vacancies. …Read Entire Post
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. …Read Entire Post
After a vigorous performance in 2016, it seems as if the San Antonio industrial market paused in the first quarter to catch its breath. Despite new leases and expansions, the market experienced 84,529 square feet of negative net absorption.
New supply easily outpaced demand with four projects totaling more than 323,000 square feet of industrial space delivered to the market before the end of March. The citywide vacancy rates for distribution warehouse facilities loosened to 11.0% compared to 8.4% last quarter while the vacancy rate for service center/flex properties increased to 8.9% compared to 7.6%. …Read Entire Post
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. 
After a vigorous performance in 2016, it seems as if the San Antonio industrial market paused in the first quarter to catch its breath. Despite new leases and expansions, the market experienced 84,529 square feet of negative net absorption.