Kim Gatley Senior Vice President & Director of Research at REOC San Antonio
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Dallas-Fort Worth-based developer Cold Creek Solutions (“CCS”) recently announced plans for a 305,000-sf state-of-the-art cold storage building at the intersection of I-10 E and Loop 410 to support the region’s continued growth and development. CCS anticipates breaking ground this fall so that the facility will be ready for operation in late 2022.
Upon completion, the facility will provide storage for 45,000 pallets of frozen or refrigerated products. Unlike existing vintage facilities and other new builds in the region, this new project, designed by ARCO National Construction, will allow for a large-scale or multi-operator build-out with tremendous efficiencies.
Indiana-based Scannell Properties recently broke ground on two industrial warehouse buildings in the Cornerstone Industrial Park located near the intersection of Loop 410 and I-10 on the City’s east side.
Headquartered in Indianapolis, Scannell is building Cornerstone Logistics Crossing, a Class A speculative industrial park at 5367 and 5311 Dietrich Road totaling 423,260 square feet of warehouse space. …Read Entire Post
Phelan-Bennett Development and equity partner, Rosewood Property Company, recently broke ground on the Four Oaks Distribution Center, a class-A 170,000-square-foot speculative industrial development on 9.5 acres in Schertz, just outside San Antonio. Construction is expected to last nine months with a tentative completion date in fourth quarter 2021. …Read Entire Post
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.
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.
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.
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
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.
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.
Indiana-based 
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.