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

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Interstate Business Park lands new 58,000-square-foot tenant

wisenbaker_logoHouston-based Wisenbaker Builder Services Inc., a residential construction supplier, signed the deal with the park’s landlord — locally based Rio-Pas Investments Inc. — for a 58,000-square-foot space at 6903 NE Loop 410. …Read Entire Post

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REOC San Antonio Releases 3Q16 Industrial Market Update

3Q16_SAIndSnap.xls

Source: REOC San Antonio/Xceligent

The San Antonio industrial market experienced a marked slowdown in the third quarter reflecting the first real impact of reduced oilfield activity in the Eagle Ford Shale. Chalk Mountain, for example, recently vacated more than 50,000 square feet of warehouse space at Alamo Downs Distribution Center. It is expected that Chalk Mountain, a leader in the oilfield services industry which specializes in the transportation management of proppant, commonly known as frac sand, will vacate several sizeable leases located throughout the market as they expire over the coming year.
Although the loss of frac sand leases could potentially dump as much as a half million square feet or so of vacant space back on the market, the impact is not expected to be dramatic because the lease expiration dates are staggered which will allow the market time to adjust and backfill. New leases and expansions recorded between the beginning of July and the end of September featured Trane Supply (62,320 sf) at Eisenhauer 35 Business Park and Wisenbaker Builder Services (58,000 sf) at Interstate Business Park – both in the dominant Northeast sector.
Still, the losses will mitigate gains as they did in the third quarter which resulted in 118,478 square feet of negative net absorption. Negative absorption is not expected to be a trend and the third quarter loss did little to lessen the healthy 1.35 million square feet of positive net gain year-to-date. The third quarter loss did, however, cause the citywide vacancy rate to increase from 7.3% last quarter to 8.3%; yet, compared to the same quarter last year, the citywide vacancy rate is improved compared to 8.9% showing the overall positive trend over the year. …Read Entire Post

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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. …Read Entire Post

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With no bids, Halliburton property in Alice pulled from auction

Halliburton to auction Alice facility.

Halliburton fails to find buyer during auction.

With no online bidders and nobody in attendance at an on-site auction, a 19-acre property owned by Halliburton Co. in the South Texas town of Alice remains unsold.

The 850 Commerce Halliburton property in Alice, Texas, will sell to the highest bidder at auction above an opening bid of $1 million. It is a 19-building industrial complex totaling more than 103,000 square feet of space used as main office/lab, multiple shops, indoor/outdoor wash rack buildings and covered storage. It has fenced parking with a gate and guard shack. …Read Entire Post

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Halliburton to auction off shuttered 103K-sf facility in Alice

Halliburton to auction Alice facility.

Halliburton to auction Alice facility.

After operating for more than 16 years in Alice, oilfield services giant Halliburton is moving forward with plans to auction off a shuttered facility there.

Halliburton Co. closed its 19.18-acre facility at 850 Commerce St. in Alice in March 2015, where it laid off 60 employees. The closure came during one of the bleakest periods in the crude oil price downturn when many companies were tightening their belts. …Read Entire Post

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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. …Read Entire Post

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Flasher Equipment, headquartered near Pearl, buys West Side manufacturing site

Flasher Equipment, a manufacturer of traffic signs, has eight properties in the Tobin Hill area near the San Antonio River. The area has been getting a lot of attention from developers lately due to the success of the Pearl and the nearby bar strip on St. Mary’s Street.

The landholder for Flasher Equipment, a manufacturer of traffic signs that operates on 6 acres of land a few blocks from the Pearl, has bought a 23-acre manufacturing facility on the West Side. …Read Entire Post

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USAA Real Co. sells Amazon-leased fulfillment center in Schertz to California investor

Amazon_FulfillmentFew knew San Antonio-based USAA Real Estate Co. was the ownership behind the 1.26 million-square-foot fulfillment center leased to Amazon.com Inc., and it has stayed under the radar throughout the facility’s quiet sale to an industrial investor out of Manhattan Beach, California.

Circle Industrial, a newcomer to the San Antonio market, has acquired the single-tenant property at 6000 Schertz Parkway in Schertz, Texas, which USAA Realco developed for the internet giant several years ago. The value of the sale was not disclosed. …Read Entire Post

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HOLT CAT breaks ground on multimillion-dollar headquarters building

Holt Cat breaks ground in East side.

Holt Cat breaks ground in East side.

Amid cheers, San Antonio-based construction equipment manufacturer HOLT CAT broke ground on its new headquarters building that will serve as an anchor on the city’s East Side. Joined by political leaders and other VIPs, the Holt family welcomed nearly 200 people to the construction site during a morning ceremony.

Breaking from the tradition of shovels and hard hats, HOLT CAT Executive Vice President Peter John Holt signaled a bulldozer operator to officially move the first dirt for the over $20 million construction project. …Read Entire Post

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REOC San Antonio Releases 1Q16 Industrial Market Update

Source: REOC San Antonio

Source: REOC San Antonio/Xceligent

Activity recorded in the first three months of the year set the San Antonio industrial market on track for another strong performance in 2016.  New leases and expansions inked in the first quarter generated 354,150 square feet of positive net absorption. As a result of new supply keeping pace with demand, the citywide vacancy rate remained relatively stable at 8.1% compared to 8.3% last quarter and 8.2% in the same quarter last year.  …Read Entire Post

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