H-E-B has purchased 871 acres of vacant land on the East Side in unincorporated Bexar County, almost doubling its land in and around San Antonio as it faces increased competition from Walmart, Amazon and the newcomer Lidl grocery chain.
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Source: REOC San Antonio In the midst of what some economists are calling a retail meltdown, the San Antonio retail market maintained its sub-ten percent citywide vacancy rate and recorded gains in the second quarter which offset losses recorded in the first quarter. The growing popularity of discount stores accounted for much of […] Source: REOC San Antonio The San Antonio office market continued steadily on its positive trend in the second quarter accompanied by the delivery of 389,369 square feet of new office lease space. The much anticipated Landmark One building (164,351 sf) came online at the intersection of Loop 1604 & IH-10 in the North […] Source: REOC San Antonio 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 […] The mixed-use office and retail development will feature a 10-story South Tower, which will be approximately 221,000 square feet, and a 6-story North Tower totaling 123,000 square feet. A 10-story mixed office and retail development is set to replace the Sarma Building which previously sat at 1801 Broadway Ave. […] The children’s clothing retailer Gymboree filed for Chapter 11 bankruptcy protection late Sunday. The mall-based chain says it plans to remain in business during its restructuring, but will close 375 to 450 stores out of its fleet of its 1,281 locations. Gymboree says the restructuring will reduce its debt by more than $900 million and […] Microsoft Corp. continues to invest in its San Antonio data center clusters, including about $50 million for a new building near its Westover Hills computer server farm, according to state construction documents. The new cooling facility on the 5100 block of Rogers Road is expected to be completed in September. The facility is for cooling […] Although currently well within a sub-10% vacancy rate, recent activity in the San Antonio retail market has some wondering where are all the retailers? Despite leasing activity, tenant moves and closures yielded 108,621 square feet of negative net absorption. While the large national retailers are impacted the growing demand of online shopping, smaller retailers, including […] New office construction in the San Antonio area delivered three new multi-tenant buildings totaling 140,733 square feet in the first quarter. Gross leasing activity within office lease space translated into 234,545 square feet of positive net absorption marking a healthy start for the new year. With demand outpacing new supply, the citywide vacancy rate improved […] Conditions improved in the San Antonio medical office market in the first quarter evidenced by a slight decrease in the citywide vacancy rate within the city’s inventory of more than 7.2 million square feet of medical-only office lease space. Even as the healthcare business model continues to undergo significant change, fundamental factors, such as population […] |
