REOC San Antonio
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Kim_Gatley
Kim Gatley
S
enior Vice President & Director of Research at REOC San Antonio

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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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Northwest Side will get new office space

Farinon Business Park III

Work on the final building at the Farinon Business Park has begun. Farinon Business Park III will be a two-story, Class A office building with 84,590 rentable square feet –41,186 on the first floor and 43,404 rentable square feet on the second.

Once complete, the Farinon Business Park project, will bring …Read Entire Post

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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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Meritage Homes leases space at Inwood Village

Meritage Homes is new tenant at Inwood Village

Meritage Homes has become Inwood Village’s first tenant. They will be occupying about 16,000 square feet: 5,000 square feet on the first floor, 11,000 square feet on the second. Meritage indicated the site to be ideal because of the amenities, setting and flexibility to grow.

The first phase of Inwood Village is currently …Read Entire Post

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Data center expansion planned in Westover Hills

Stream Data Centers plans expansion

Stream Data Centers, a subsidiary of Stream Realty Partners is planning a $5 million expansion, according to state permits. The San Antonio-based data center in Westover Hills is now 75,840 and plans to add another data hall at the facility. Three suites each include 10,000 square feet for computer servers.

Data Center activity in the Westover Hills neighborhood continues to grow. Predictions show …Read Entire Post

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St. Croix Capital Cos. purchases Network Tech Center complex

Network Tech Center

University Business Park – Network Tech Center has been acquired by St. Croix Capital Cos. The office complex had previously been sold to Typerion Partners in September 2015 when they purchased it from Clarion Partners. Now, Typerion has sold the asset while Quadrant Capital Partners provided …Read Entire Post

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$46M expansion for Methodist Healthcare hospital

Precursor $12.3M expansion to Northeast Methodist Hospital

Methodist Healthcare’s expansion project is part of a master plan to address rising demand. Last year, the Live Oak hospital treated more than 56,000 patients in its emergency department alone. Nearly 10,000 of those cases were pediatric patients. That’s more than half the volume of pediatric patients that all of Methodist’s other facilities combined — excluding its children’s hospital — treated in 2017.

The expansion will include …Read Entire Post

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San Antonio coworking space franchise expands

Collaborative coworking space Venture X

Venture X LLC has expanded its North Side office at 18911 Hardy Oak Blvd. with an additional 7,600 square feet of space as demand grows for collaborative office spaces.

The company has completed a three-phase expansion to include three additional conference rooms, seven private offices, a …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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Power Center opening in Far West Side

80-acre development will feature 550,000 square feet of retail, including a long strip center and 14 pad sites

The Shops at Dove Creek is opening in a few months as the next power center on San Antonio’s Far West Side. This area has seen continued demand for big-box retail.

 

Portions of the land have been sold to users like KB Homes, Casey Development, and Flix Brewhouse LLC. Plans include a 170-unit subdivision behind the retail part of the development and an apartment complex.

 

The remaining 80 acres will include 

…Read Entire Post

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