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

Stable SA industrial market lands new institutional investor

1610 Cornerway Blvd, Bldg 2 Photo courtesy of Xceligent

1610 Cornerway Blvd, Bldg 2
Photo courtesy of Xceligent

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.

The Denver-based industrial real estate investment trust recently closed on the 244,510-square-foot facility at 1610 Cornerway Blvd., marking its first step into San Antonio’s industrial market. 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 square feet.

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 (San Antonio Business Journal, 03-03-16)

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>