REOC San Antonio
Commercial Real Estate Since 1974   
Kim_Gatley
Kim Gatley
S
enior Vice President & Director of Research at REOC San Antonio

Got a Commercial Real Estate Need or Question?


Ask One of Our Trusted Advisors

Wal-Mart sells outparcel, opens door for new retail opportunities along Wurzbach Parkway

Walmart OutparcelsWal-Mart Stores Inc. has sold 1.46 acres of its Wurzbach Parkway property to Dallas-based Weitzman Group, paving the way for new retail development on the site.

Weitzman secured a $2.8 million loan from Independent Bank for the undeveloped site with frontage along Wurzbach Parkway, according to Real Capital Analytics.

The property, sold by Wal-Mart Real Estate Business Trust, was originally part of a near 19-acre tract the retailer bought to develop a new Supercenter with outparcels.

That additional land is on its way to becoming a 12,000-square-foot retail center that will be marketed as Parkway Oaks. Weitzman Group’s development arm, Cencor Realty, will lead the project.

Wal-Mart still owns the remaining 17.6-acre property that houses its Supercenter at 12639 Blanco Road. According to 2015 tax records, the property is appraised at $16.4 million.

Click to read entire article: Wal-Mart sells outparcel, opens door for new retail opportunities along Wurzbach Parkway (San Antonio Business Journal, 08-06-15)

Share

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>