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VanTrust Acquires 60 Acres in Cornerstone Industrial area in NE San Antonio
VanTrust Real Estate, LLC, a full-service commercial real estate development company, has acquired one of the last sites in the Cornerstone industrial area of northeast San Antonio. VanTrust is set to break ground on Phase I of the 60-acre speculative industrial center, Cornerstone Commerce Center, July of this year.
Phase I of the Cornerstone Commerce Center consists of two buildings totaling over 413,173 square feet. To meet growing demand, up to four additional buildings totaling over 600,000 square feet can be constructed during Phase II of the project.
“Last year, San Antonio saw a record-breaking increase in the number of logistics companies and last-mile distributors looking to establish a presence in the industrial market,” said Chris McCluskey, vice president of Kansas City, MO-based VanTrust. “As this upward trajectory continues, the Cornerstone Commerce Center will offer San Antonio and the booming northeast corridor the space it needs to deliver during this heightened demand.”
- ◦Sale/Acquisition
- ◦Development