JLL Completes Sale of Villa Espada Apartments
- Aug 09, 2016
By Anca Gagiuc, Associate Editor
San Antonio—On behalf of 210 Development Group LLC, JLL’s Capital Markets team announced the firm has completed the sale of Villa Espada Apartments located in the Mission del Lago neighborhood of San Antonio. The buyer is Windmill Investments, which acquired the Class A asset for an undisclosed amount.
Managing Director Scott LaMontagne and Senior Vice President Moses Siller led JLL’s transaction team.
“The south side of San Antonio has a very limited number of Class A multifamily assets,” said LaMontagne. “As the area’s first market-rate asset, Villa Espada Apartments exemplifies the tremendous economic growth happening there. Villa Espada’s high-quality amenities and location next to the interstate position it to draw strong leasing interest.”
“Villa Espada will benefit from growth on the Southside and is the ‘best in class’ property in the immediate area,” added Windmill Investments CEO Daniel Carter.
Villa Espada was built in 2015, 1.5 miles south of Interstate 410 at 12910 Clubhouse Blvd. It’s also one block from the Mission de Lago golf course and minutes from the Toyota Manufacturing Plant, CPS Energy Plant, Brooks City-Base and the Texas A&M University – San Antonio campus. The community comprises 11 three-story buildings with 240 units in one- to three-bedroom floor plans. Community amenities include a pool with a tanning ledge and hammocks, 24-hour fitness center, clubhouse, pet park, fire pit and barbecue area. In-unit amenities include patios or balconies, walk-in closets and nine-foot ceilings.
Image courtesy of Windmill Investments