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

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Stable SA industrial market lands new institutional investor

1610 Cornerway Blvd.

1610 Cornerway Blvd.

As part of a five-property portfolio deal, Industrial Property Trust’s acquisition of an East San Antonio distribution center is what some are hoping indicates the city’s market is attracting more institutional investors.

Marking its first step into San Antonio’s industrial market, the Denver-based industrial real estate investment trust recently closed on the 244,510-sf facility at 1610 Cornerway Blvd., originally built as the headquarters facility for defunct Solo Serve and currently home to Victory Packaging.

The Class A property—which spans 18.3 acres—was sold along with four other facilities in Houston, Dallas, Oklahoma City and Louisville, comprising a total of 1 million sf.

All five properties were acquired through a sale-leaseback transaction with Victory Packaging, which will remain the sole tenant for each facility.

Click to read entire article: Stable SA industrial market lands new institutional investor (SABJ, 3-3-16)


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