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Elm Creek Takes Control at SA Power Center

Woodlake Crossing, a 159,703-square-foot retail power center in San Antonio, was recently purchased by Dallas-based Elm Creek Real Estate. Kevin Catalani with CBRE in San Antonio represented the seller, InvenTrust Properties, which reported a sale price of $5.5 million in an SEC filing.

Elm Creek already owned the shadow-anchor for Woodlake Crossing, previously occupied by Target. This acquisition now allows Elm Creek full control of the shopping center.

“Despite all that is happening, there is still investor demand in the San Antonio retail market and this transaction is a testament to that,” said Catalani.

Austin-based Stream Realty will be marketing the available retail space. “With full controlling ownership of the shopping center, Elm Creek Real Estate will now have the flexibility to rebrand and to work with local and national retailers to create a diverse and dynamic retail tenant mix,” said Stream’s Ryan Ridgeway.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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