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Texas  + Industrial  | 

Koontz Sells Newly Built SA Warehouse to Exeter

San Antonio-based Koontz Corporation finalized the sale of Foster Ridge Distribution Center, a 327,000 square-foot Class A distribution facility near the intersection of Foster Road and IH-10 E, to Exeter Property Group, headquartered in Conshohocken, PA. The sales price wasn’t disclosed.
 
Developed by Koontz and completed in October 2019, the industrial facility is located at 6611 Lancer Blvd. in northeast San Antonio. It was designed to accommodate a single large user or multiple smaller tenants.
 
“We planned Foster Ridge Distribution Center to address the increasing demand for state-of-the-art distribution facilities in San Antonio due to the rapid expansion of e-commerce and larger tenants looking to move into our marketplace,” said Koontz president and CEO Bart Koontz.
 
JLL’s Trent Agnew represented Koontz Corporation in the sale. The buyer represented itself.
 

For comments, questions or concerns, please contact Paul Bubny

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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 16-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 7-10 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).

  • ◦Sale/Acquisition
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