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Alamo Quarry Center Dallas-based investment firm Big Sky Medical Real Estate recently acquired the Alamo Quarry Center from Mohr Capital who has owned the building since September of 2021. The two-story healthcare property spans 38,370 square feet and is located in the iconic Alamo Quarry Market at 250 E Basse Road just off US Highway 281 in North Central San Antonio. The property is anchored by Methodist Healthcare and includes a variety of healthcare specialties such as emergency services, women’s services, eating disorder treatment and pain management. Read entire article: Big Sky Medical ..read more

Caroline at Brooks The Brooks Development Authority, a public-private partnership with the City of San Antonio, teamed with Houston-based Morgan Group to construct Caroline at Brooks, an eight-building complex of multifamily and retail space. Shovels are expected to hit the ground this week and the $84 million project, to go up at 7910 S New Braunfels Avenue, is slated for completion in September 2024. Once complete, Caroline at Brooks will be one of the larger developments to land at the Brooks City Base since the Air Force ceased operating at the facility in 2011. The Brooks Development Au ..read more

Marbella Interests recently sold a pair of fully leased industrial buildings located in Schertz, a northeast suburb of San Antonio.  The portfolio consists of two properties spanning 41,000 and 112,000 square feet that were built in 2006 and 2017, respectively. Read entire article: CBRE Arranges Sale of 153,000 SF Industrial Portfolio Near San Antonio (REBusiness Online, 11.9.22 ..read more

Foster Ridge 2 Tesla’s gigafactory, located along SH 130 in Southeast Austin, is having a positive impact on the San Antonio industrial market. In addition to a 50,000-square-foot Tesla “gallery” and service center located near the San Antonio International Airport and another located on I-10 near the Dominion, the EV giant recently leased the 439,809-square-foot warehouse located at 7015 Lancer Blvd. in the Foster Ridge 2 industrial park.  Located just south of Interstate 10 on the City’s east side, the lease was credited as the local market’s largest positive absorption in the third q ..read more

Parkway Plaza Houston-based commercial real estate investment company Fuller Realty Interests LLC recently purchased five buildings spanning 189,390 square feet in North Central San Antonio.  The office park, located adjacent to the San Antonio International Airport at 814 and 900 Arion Parkway, was originally constructed by local developer Darren Casey between 1999 and 2002. The seller, Austin-based Field Investments, went under contract when the project was 83% occupied but by the time the deal closed occupancy had jumped to 96% — evidence of the level of demand for single-story offic ..read more

After COVID-19 forced all non-essential office workers to work remotely, the road back to the office has taken many directions. Some employers immediately began allowing employees to split their work time between the office and home.  Nearly three years later, many are still working on a hybrid schedule, and it appears there’s no going back. Many of San Antonio’s large employers have concluded that they can remain efficient and effective while allowing employees to work from home.  The number of people in San Antonio working remotely has nearly quadrupled since 2019. Nationwide, the ..read more

One Park Ten Locally based DPR Investments recently acquired One Park Ten, a four-building office park located at 6800 Park Ten Blvd.  The Seller was Hallandale Beach, Fla-based Accesso Partners.  DPR owner Jimmy Day said, “Spanning roughly 156,000 square feet, the buy represents a big step forward in DPR’s plans to grow a diversified real estate portfolio in San Antonio.”  “Believing that it was the right time to acquire the right office property, we evaluated several opportunities, and One Park Ten was the clear choice,” said Day.  He immediately recognized the value of ..read more

Locally owned grocer H-E-B commanded 52.4 percent of the San Antonio-area market in 2021, with 57 stores and a reported $4.2 billion in sales. By comparison, Walmart and its Sam’s Club chain claimed 28 percent of the market, with 34 stores and about $2.3 billion in sales. In all, H-E-B controls at least a dozen vacant properties at significant intersections in Bexar County. Most of them are in high-growth areas on the North and West sides. The other properties range as far away as a 29.3-acre site at the crossing of Culebra Road and Highway 211 on the far West Side near the Medina County ..read more

AR’s Entertainment Hub recently announced plans to bring a new entertainment venue to the Wonderland of the Americas (formerly Crossroads Mall and originally Wonderland Mall). Plans call for a multimillion-dollar redevelopment of 58,000 square feet of vacant retail space on the upper floor.   Work is set to begin soon, and construction could be completed before the end of the year. A similar venue in Baytown features a restaurant, bar, and several games and attractions, including bowling, a roller rink, miniature golf, bumper cars and laser tag. It caters to families and business groups ..read more