Texas CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Koontz Sells First Phase of San Antonio Warehouse Project
Koontz Corp. sold Phase I of Westport Industrial Park to Nuveen Real Estate. JLL represented both the buyer and seller.
The project, delivered in 2023, includes two 93,600-square-foot rear-load industrial buildings on roughly 17 acres at the intersection of South Callaghan Road and Texas Highway 151. The San Antonio Business Journal reports Koontz is retaining ownership of Phase II, which will add two more 93,600-square-foot buildings on an adjacent 17-acre site. Delivery is expected in the fourth quarter of 2027.
The company plans to replicate the design used in Phase I, targeting tenants needing 25,000 to 50,000 square feet. Koontz said the project’s smaller building configuration and additional trailer parking have helped differentiate it from larger industrial developments.
The recent sale follows more than 72,000 square feet of recent leases with Primo Brands and Texas Wilson. The development is 79% leased. Other tenants include Farsound Aviation and Southern Glazer’s Wine & Spirits.
- ◦Sale/Acquisition
