REOC San Antonio
Commercial Real Estate Since 1974   
Kim Gatley
enior Vice President & Director of Research at REOC San Antonio

Got a Commercial Real Estate Need or Question?

Ask One of Our Trusted Advisors

FedEx’s Canadian landlord expanding SA industrial footprint


FedEx landlord buys 16 acres adjacent to Schertz facility.

PIRET — based in Vancouver, BC — is under contract for the 16 acres adjacent to the FedEx facility at 9929 and 9943 Doerr Lane as part of the REIT’s long-term goal of refocusing its core assets through new acquisitions and dispositions. The deal is expected to close sometime this quarter and will be worth an estimated $2.8 million.

FedEx accounts for more than 24.5 percent of PIRET’s rental income, with the 202,763-square-foot property in the San Antonio area as one of a number of properties the shipping company leases from the REIT.

It’s unconfirmed whether the additional land will be developed to accommodate a FedEx expansion. Last year, the REIT expanded its industrial facility in Barrington, NJ for the carrier.

The additional land — which is currently vacant — will boost the REIT’s footprint to more than 40 acres in the San Antonio area.

Click here to read the full article: FedEx’s Canadian landlord expanding SA industrial footprint


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>