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

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HPI lands big (industrial) fish to catapult investment in San Antonio

Commercial real estate firm HPI has been waiting nearly 10 years for a chance to expand its San Antonio presence into the city’s industrial market. And while there have been plenty of single facilities put up for sale, the Central Texas firm wanted to go bigger. Much bigger.

So when Prologis — one of the largest industrial real estate owners and developers in the country — put 11 of its San Antonio properties on the market as a portfolio deal, HPI set its sights on it.

HPI’s new 11-property industrial portfolio that it bought from Prologis ranges from a 45,180-square-foot building to a 234,400-square foot warehouse. HPI closed on the 1.03 million-square-foot portfolio to plant its stake along the fast-strengthening I-35 corridor.

Scattered along the bustling interstate between Austin and San Antonio, the portfolio will help connect HPI’s tenants in Texas’ capital city to the Alamo City’s growing industrial market.

Click here to read the full article: HPI lands big (industrial) fish to catapult investment in San Antonio San Antonio Business Journal 9-1-2016

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