Artessa at Quarry Village Acquired by Intercontinental Real Estate
- Mar 04, 2015
Intercontinental Real Estate Corp., headquartered in Boston, announced the acquisition of Artessa at Quarry Village in San Antonio. The acquisition of the luxury mixed-use retail and apartment property was led by Senior Director of Acquisitions Steve Centrella and Associate Director of Acquisitions Chris LaFrance.
The transaction was originated by Brian Sykes,senior vice president with Capital One, the company that provided Intercontinental RE with a $63.3 million fixed-rate Freddie Mac loan with a 10-year term at 2.02 percent, 10 years interest and 9.75 years defeasance.
Artessa at Quarry Village is a Class A apartment community completed in 2009 and featuring 280 units. It includes 70,692 square feet of retail space in 27 suites on the ground floor. Located at 300 E. Basse, the property sits in Alamo Heights, only six miles from downtown San Antonio, easily accessible via Highway 281, the Interstate 410 “Loop” and Interstate 10.
The property offers 23 floor plans of one-, two- and three-bedroom apartments, featuring large private terraces or balconies, walk-in closets, double vanities, crown molding, wood flooring and granite countertops. Community amenities include a bocce ball court, four courtyards, two resort-style pools, a dining room, outdoor grills, wine-tasting rooms with private wine lockers, a parking garage and Wi-Fi surround in all common areas.