Welcome Group Acquires Remaining Tract in Connection Industrial Park, San Antonio, TX
Welcome Group has acquired the final remaining property from the developer of Connection Industrial Park, a 7.6-acre tract near Cal Turner Road and Foster Road. The Houston-based real estate developer will add an office/warehouse project for a future tenant. The transaction price was not disclosed.
Located between Dollar General and Amazon distribution centers, the property encompasses more than 135,000 square feet. The business park also includes a newly completed H-E-B Super Regional Warehouse.
There are several nearby roadway improvement projects planned or underway including the widening of Kiefer Road, improvements at the I-10/Foster Road exit and the Foster Road four-lane expansion. A new interior park road, Cascade Drive, is scheduled for completion in 2022.
This marks Welcome Group’s fourth San Antonio property. The firm recently acquired an 80,431 square-foot office/lab space at 6203 Farinon Drive, currently leased by KCI USA, Inc., and a 43,860 square-foot office/lab facility at 6603 First Park Ten Boulevard.
Erik Hamilton, who has more than 15 years in CRE journalism, is a former staff writer with the Los Angeles Times and the Orange County Business Journal. In addition to The Times and the OCBJ, he was also a reporter and editor for Crittenden Research, The San Bernardino Sun and UPI. Erik also worked six years in CRE public relations with Los Angeles-based Hoyt Organization, where he was a Senior Account Executive. He later joined Lee & Associates where he served as the Director of Corporate Communications. There ,in addition to his work with Lee’s CEO, he managed 57 offices nationwide and provided PR, social media and media training for the offices. A graduate of UC Irvine, with a BA in history, he is an avid record collector where he continues to search for a rare Joy Division single.
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