Community Shopping Center Changes Hands in San Antonio
- Jan 29, 2019
SRS Real Estate Partners has brokered the sale of Military Crossing, a 171,318-square-foot community shopping center in San Antonio, Texas. Sold by Santikos Real Estate to Nooner Holdings, the center was almost entirely occupied at the time of the transaction.
Located at 7523 Northwest Loop 410, Military Crossing is part of a major retail corridor near exit 96, off Interstate 410, approximately 12 miles west of downtown. Built between 1996 and 2014, the property spreads across 19 acres and is adjacent to a 633,000-square-foot National Security Agency facility. Tenants include an Academy Sports flagship store, BioLife Plasma Services, Harbor Freight Tools, Chase and Firehouse Subs. Although an anchor tenant, LA Fitness was not part of the sale.
Eric Lehman of Lehman Real Estate represented the buyer, and SRS’ Webb Sellers, Kyle Stonis, Pierce Mayson, Matthew Mousavi and Patrick Luther acted on behalf of Santikos Real Estate. “We continue to see motivated capital entering the market targeting a combination of quality real estate and attractive yields, which Military Crossing thoroughly provides,” Sellers said, in prepared remarks.
Recently, SRS Real Estate Partners also facilitated the $3.5 million sale of a 19,129-square-foot retail center in Crestwood, Ky.
Image courtesy of SRS Real Estate Partners