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Kim Gatley
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San Diego firm acquires Eisenhauer Business Park

Eisenhauer Business Park

Westcore, a San Diego-based industrial real estate acquisition, development and asset management firm, recently acquired the Eisenhauer Business Park from NIT Industrial.  Located at 5473 Eisenhauer Rd. in northeast San Antonio, the four-building property, totaling 377,318 square feet, reportedly sold for $36.6 million. 

The acquisition increased Westcore’s San Antonio portfolio to more than 1.5 million square feet.

…Read Entire Post


McCombs Acquires Iconic Tower Life Building

Tower Life Building

Local businessman and philanthropist, Red McCombs, along with two other investors, recently acquired the iconic Tower Life Building located in downtown San Antonio at 310 S. St. Mary’s St.

The 31-story landmark is known for its eight stone gargoyles and conical clay tile roof. The building opened just before the 1929 stock market crash and the Great Depression.  It was placed on the National Register of Historic Places in 1991. …Read Entire Post


8555 NE Loop 410 trades to Houston firm

8555 NE Loop 410

Houston-based investment firm TRECAP Management recently acquired a 40,800-square-foot industrial building located at 8555 NE Loop 410 in San Antonio. The Seller was EJ Morales III Holdings.

The property, built in 1986, sits on 2.09 acres on the city’s east side in 1986. The facility was 30 percent leased at the time of sale.

Read entire article: Colliers Brokers Sale of 40,800 SF Industrial Building in San Antonio (REBusiness Online, 4.14.22)


Joint Venture acquires Legacy Oaks Medical Complex

Legacy Oaks Medical Complex

Dallas-based private equity firm Velocis recently sold The Legacy Oaks Medical Complex to a joint venture between Altera Fund Advisors and Harrison Street.

Tenants occupying the 227,627-square-foot project include a mix of primary care, pediatrics, rheumatology, ophthalmology, optometry, radiology, pain management and outpatient rehabilitation users. …Read Entire Post


The Commons at The Dominion changes hands

The Commons at The Dominion

The Nettleship Family Trust recently acquired The Commons at The Dominion recently from Dominion Drive Partners.

The upscale office park consists of five free-standing buildings ranging from 2,600 square feet to about 9,000 square feet which combine for a total of 31,112 square feet. …Read Entire Post


PBC Interests Plans Renovation of newly acquired Seguin Crossroads Shopping Center

Seguin Crossroads
Courtesy of The Seguin Gazette

PBC Interests, a Houston-based investment group, recently acquired the Seguin Crossroads Shopping Center, formerly known as Five Courts Mall.

The almost-40-year-old center is located at 1500 E. Court Street in Seguin and spans approximately 126,000 square feet. …Read Entire Post


Kotel Investments adds two retail centers to San Antonio portfolio

Kotel Investments recently acquired two more area retail centers to add to their Alamo City holdings:

Sterling Oaks Shopping Center (30,000 sf) located at 7350 Tezel Rd.

Austin Heights Retail Center (59,932 sf) located 1533 Austin Hwy.

Kotel is still in the process of securing new tenants for empty spaces at the shopping centers. …Read Entire Post


Houston Firm Acquires Two San Antonio Buildings

Welcome Group, a Houston-based investment firm, recently purchased two buildings in Northwest San Antonio totaling 124,291 square feet.

Built in 2004, the first building spans 80,431 square feet and sits on an 11.9-acre site at 6203 Farinon.  It is currently leased by KCI USA Inc., a provider of wound care services and treatments.

The second facility totals 43,860 square feet is located at 6603 First Park Ten Blvd., just inside Loop 410 along the Interstate 10 corridor. …Read Entire Post


Fort Capital Acquires 80,230 SF Industrial Property in Northwest San Antonio

Fort Worth-based investment firm Fort Capital recently acquired an 80,230-square-foot industrial property located at 6103 Farinon Drive within the University Park master-planned community in northwest San Antonio. The Class B property was fully leased at the time of sale. The seller and sales price were not disclosed.

Click to read full article Fort Capital Acquires 80,230 SF Industrial Property in Northwest San Antonio (REBusiness Online, 2-17-22)


Nationwide Sells Westover Hills Facility

9903 Nationwide Dr.

Nationwide Mutual Insurance Co. recently sold its Westover Hills facility to Reserve Capital Partners, a Dallas-based investment fund. Reserve Capital Partners purchased the roughly 270,000-square-foot facility at 9903 Nationwide Drive just off Highway 151 in Westover Hills. The complex includes a full-service cafeteria and a big conference center.  Reserve Capital plans to make some cosmetic upgrades and add outdoor games. …Read Entire Post