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

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Demand for space pushes EastGroup to start digging for industrial park’s second phase

Eisenhauer Point Business Park

Eisenhauer Point Business Park

When EastGroup Properties Inc. broke ground on the first phase of its Einsenhauer Point industrial development this year, shovels hit the dirt on a completely speculative basis. Roughly 10 months and two buildings later, the real estate investment trust is adding even more as a result of accelerating demand for industrial space along the I-35 corridor.

Phase two of Eisenhauer Point — at the interstate’s intersection with Eisenhauer Road — is slated to include two buildings encompassing nearly 156,000 square feet, with construction expected to be finished in spring 2017. Eisenhauer’s first phase spans a bit more than 16 acres and includes two multitenant office-warehouse buildings. One is a 133,000-square-foot cross dock, and the other is a 68,000-square-foot rear-loading facility.

Tenants at Eisenhauer include Halfen USA Inc., Xylem, Crane Payment Innovations, Fresenius Medical Care and Stanley Steemer.

Click here to read the full article: Demand for space pushes EastGroup to start digging for industrial park’s second phase San Antonio Business Journal 10-5-2016

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