CBRE announced that Scannell Properties (Scannell) has begun construction on Cornerstone Logistics Crossing, a Class A speculative industrial park that CBRE is actively marketing for lease. Located in the Northeast San Antonio submarket, the 28.8-acre, two-building development is expected to deliver in late Q3 2021/early Q4 2021.
Joshua Aguilar and Rob Burlingame are leasing the property on behalf of Scannell.
The first building will total 224,220 sq. ft. and the second building will total 199,040 sq. ft., offering potential tenants up to 423,260 sq. ft. of industrial space that can be broken down into 30,000 sq. ft. increments. The development will have 32’ clear heights, flexible space configuration, concrete tilt-wall constriction and ample trailer parking.
“Cornerstone Logistics Crossing fills an enormous need in the San Antonio industrial market as demand for new industrial space has been very high,” said Josh Aguilar, senior vice president with CBRE. “The strategically located properties will offer industrial users the modern efficiencies they are looking for, like easy accessibility to several major interstates and a robust labor pool.”
According to CBRE Research, there were 14 projects totaling over 6.3 million square feet added to the San Antonio industrial construction pipeline in Q1 2021. Of the projects currently under construction, 74.5% of the space has been pre-leased.