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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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400,400 sf project breaks ground in the Cornerstone Industrial Park

The Logistics Commerce Center on San Antonio's Northeast Side will be built in two phases

The Logistics Commerce Center on San Antonio’s Northeast Side will be built in two phases.

Davis Commercial Development broke ground on its Logistics Commerce Center, a 400,400 sf industrial complex in the Northeast Side of San Antonio. The center is being built int the Cornerstone Industrial Park and will be comprised of 260,000 sf Class A cross-dock warehouse, and a 140,400 sf front-load warehouse.

“The growth of San Antonio and the overall economic growth of the city is driving the demand for new institutional Class A distribution product,” said Jeff Stringer, principal of Davis Commercial Development, in a statement. “San Antonio’s location as a midpoint between the border markets and Houston and Dallas are part of the overall industrial growth story of San Antonio and make this an increasingly strong market.”

The project is expected to be delivered first quarter of 2019.

 

Click here to read the full article: Houston-based developer enters SA with 400K-sq-ft industrial project (San Antonio Business Journal, Aug. 17, 2018)

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Industrial park sold in heart of I-35 corridor

Enterprise Industrial Park

Enterprise Industrial Park

Colony Industrial, the industrial real estate arm of Colony NorthStar Inc., has bought the Enterprise Industrial Park for $52.1 million. Enterprise Industrial Park, at 17745 Lookout Rd. in Schertz, consists of two Class A light industrial buildings totaling 639,797 sf.

The buildings are 88 percent leased to nine tenants with a weighted average lease term remaining of 5.3 years. The two buildings, in the heart of I-35’s industrial corridor, neighbor such notable tenants as Amazon.com Inc.’s regional fulfillment center and Caterpillar.

Click here to read the full article: National commercial real estate investor buys industrial properties for $52.1M (San Antonio Business Journal, 4/11/18)

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Industrial park expansion announced in Comal County

New 187,000 SF building to be completed by November.

New 187,000 SF building to be completed by November.

Titan Industrial Park, which straddles the boarder of Schertz and Selma, has announced a new addition to the 125-acre site.

Local firm Titan Development, along with Atlanta-based Robinson Weeks Partners, will be adding a fourth, 187,000-square-foot building to the park, which will be intended for multi-tenant use. …Read Entire Post

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REOC Releases 2Q 2017 Industrial Market Report

Source: REOC San Antonio

Source: REOC San Antonio

At first glance, the San Antonio Industrial market appears to have experienced a robust second quarter.  Upon closer inspection, however, the recorded 720,719 square feet of positive net absorption is somewhat misleading.  New construction delivered the Carrier Corp building (850,000 sf); the considerable gain from this one pre-leased facility concealed some sizeable vacancies. …Read Entire Post

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New Property in Schertz Finds a Buyer

Doerr LaneThe brand new property at 9850 Doerr Lane, called Schertz 1, was finished in March and then bought by HPI in June. It sits on 15 acres and features loading docks on either side of the building. The purchase price was not disclosed. …Read Entire Post

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Industrial Market Looking Forward to a Solid Year Ahead

1Q17_SAIndSnap.xlsAfter a vigorous performance in 2016, it seems as if the San Antonio industrial market paused in the first quarter to catch its breath.  Despite new leases and expansions, the market experienced 84,529 square feet of negative net absorption.

New supply easily outpaced demand with four projects totaling more than 323,000 square feet of industrial space delivered to the market before the end of March. The citywide vacancy rates for distribution warehouse facilities loosened to 11.0% compared to 8.4% last quarter while the vacancy rate for service center/flex properties increased to 8.9% compared to 7.6%. …Read Entire Post

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City Council to consider incentives for $150 million distribution center

fb_icon_sliceNext week, the San Antonio City Council will consider incentives for a proposed 1.5 million-square-foot distribution facility for retailer T.J. Maxx.

The facility would be the company’s sixth center nationwide and its largest. San Antonio is competing against other sites in Texas and in Louisiana. TJK, the brand’s parent company, is eyeing a 200-acre site on FM 1937 — South Flores Road — south of I-410 and east of Highway 281. …Read Entire Post

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Glazer’s lands buyer for Eastside facility

glazers-logoMultibillion-dollar beverage distributor Glazer’s has landed a buyer for its 111,860-square-foot industrial property in East San Antonio.

The Dallas-based company’s real estate arm, Glazers Real Estate LLC, sold the 3.68-acre property at 3030 Aniol St. to Stream Realty Partners for investment purposes. …Read Entire Post

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Brooks City Base plans for 75-acre industrial park

Brooks City Base has brought on Industrial Group Southwest to develop, build and lease the first 350,000-sqaure-foot building, which will precede five others ranging from 40,000 to 600,000 square feet.

Once completed, the Brooks Business Park will span nearly 75 aces at the former South San Antonio military base. …Read Entire Post

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REOC Releases 4Q 2016 Industrial Market Report

Source: REOC San Antonio/Xceligent

Source: REOC San Antonio/Xceligent

The San Antonio industrial market closed out 2016 with a healthy fourth quarter performance, totaling 323,602 square feet which raised the year-end total net gain to nearly 1.7 million square feet. Large vacancies related to frac sand storage are still expected to be staggered throughout the upcoming years but shouldn’t cause any abrupt changes to the market.

Although the concentration of oil and fracing activity is focused in the South, this sector experienced 188,844 square feet of positive net absorption – the largest amount of any sector this quarter. Even though absorption was positive, the citywide vacancy rate remained unchanged from the previous quarter at 8.3% due to the addition of offsetting new inventory. …Read Entire Post

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