San Pedro Plaza nets new owner

San Pedro Plaza

San Pedro Plaza has a new owner — Buchanan Street Partners, a real estate investment management firm out of Newport Beach, California.

Located at 7330 San Pedro Ave. in North Central San Antonio, the 163,764-square-foot property is presently 70 percent occupied — according to the Business Journal’s Commercial Real Estate Quarterly for second quarter 2015.

The tactic has worked before, according to BSP Vice President Kimberly Stevenson, who points to another of the firm’s holdings on the North Central Side — The Pyramid. That property underwent what Stevenson termed a “similar renovation” to the one planned for San Pedro Plaza, and it now boasts an occupancy rate of 95 percent.

Click to read entire article: San Pedro Plaza nets new owner (San Antonio Business Journal, 05-26-15)