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)
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