Medically Anchored Retail Center Appeals to Californian Firm

Culebra-Crown Meadows, Ltd., an affiliate of Carmichael Development Company, has sold the Crown Meadows Shopping Center in San Antonio for an undisclosed amount.

Culebra-Crown Meadows Ltd., an affiliate of Carmichael Development Co., has sold the Crown Meadows Shopping Center in San Antonio for an undisclosed amount.

HFF arranged the sale on behalf of the seller with senior managing director Rusty Tamlyn, managing director John Taylor, associate director Matt Berry and real estate analyst Robbie Kilcrease representing the investment sales team. The Beverly Hills-based real estate development, management and investment firm CJ Park and Associates purchased the retail center.

The 52,732-square foot retail center is located at 7614-7616 Culebra Road, at the intersection of Culebra and Ingram Roads. Crown Meadows Shopping Center is spread across more than 4.5 acres and has medical, retail and restaurant tenants. At the time of the sale, the property was 92.1 percent leased to anchor tenant Gonzaba Medical Group, Baptist Health System, W Dental Group, Fast Eddie’s Billiards, Supercuts and Umberto’s Italian Grill.