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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RH & Farmer Bros sign at EIP

Robinson Weeks Partners and Titan Development executed two leases with furniture retailer RH (formerly Restoration Hardware) and wholesale coffee supplier Farmer Brothers at Enterprise Industrial Park (EIP), a Class A speculative development located at 17445 Lookout Road in Schertz.  The leases total more than 80,000 square feet.

Enterprise Building VI is a joint venture between Robinson Weeks and Titan Development.  The facility is part of EIP, a 125-acre, master-planned industrial park.

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New industrial park underway near Loop 410 & I-35

CenterPoint Logistics Park

Dallas-based Jackson-Shaw broke ground on CenterPoint Logistics Park – a 65-acre master-planned industrial park at 4235 Milling Road, near the intersection of Loop 410 & IH-35.  The project is a partnership between Jackson Shaw, a national real estate developer, and Dallas real estate investment firm Thackeray Partners.

The first phase of the project includes three buildings totaling 302,518 square feet.  Each building will include flexible space for office, showroom, manufacturing, distribution, assembly and other industrial uses. Two of the buildings are rear-loaded, one is front-loaded.

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Hines Acquires Amazon Facility in Schertz

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

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CPS Energy to Sell Mission Road Power Plant as Energy Think Tank Pivots

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

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Japanese company to bring 900 jobs to Cibolo

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.

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

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Multinational real estate firm enters SA with 235K-sf warehouse buy

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

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Hines to build 577K SF Industrial

Proposed Corner Ridge Crossing

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)

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H-E-B breaks ground on 1.6 million-square-foot facility

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

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OKIN BPS opening headquarters in San Antonio

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

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180,000-square-foot leased at Gateway10 Business Park

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

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