Koontz Corporation Sells Foster Ridge Distribution Center

SAN ANTONIO – August 11, 2020. San Antonio-based Koontz Corporation (Koontz) today announced the sale of Foster Ridge Distribution Center—a 327,000 square-foot Class-A distribution facility located near the intersection of Foster Road and IH-10 E—to Exeter Property Group, headquartered in Conshohocken, Pa. Developed by Koontz and completed in October 2019, the industrial facility is located at 6611 Lancer Boulevard in Northeast San Antonio. The building features 32-foot clear height, 75 dock-high overhead doors, four ramps, ample trailer storage, 130-foot truck courts on either side of the building, and an Early Suppression Fast Response (ESFR) Fire Sprinkler System. 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 Corporation President and CEO Bart Koontz. “With its prime location and state-of-the-art amenities, Foster Ridge will be an ideal facility for a tenant in any number of industries.” Trent Agnew, of Jones Lang LaSalle IP Inc. (JLL) represented Koontz Corporation in the sale. The buyer represented itself. Since its founding in 1997, Koontz Corporation has developed more than 7 million square feet of commercial properties and approximately 1 million square feet of industrial properties. Its portfolio includes office, medical office, industrial, retail, and multi-family developments.