CBRE has arranged the sale of the Villita Assembly Building, a 24,785-square-foot event center along San Antonio’s River Walk, to GrayStreet Partners, a local private-equity firm, for $5.3 million.
CBRE’s Andrew Price negotiated the transaction on behalf of the seller, CPS Energy, San Antonio’s municipally-owned electric and natural gas utility.
Located at 401 Villita St., the free-standing building was constructed in 1958 and sits on a 1.113-acre parcel. The single-story, circular building was designed by architect O’Neil Ford and features a concave rotunda wrapped with administrative, service, and mechanical spaces and adorned with custom decorative tile and carved stained-wood entry doors. The property includes a banquet hall, kitchen and outdoor plaza area.
The building is situated along the River Walk and adjacent to La Villita Historic Arts Village in Downtown San Antonio. It is within walking distance of many amenities and points of interest, including the Alamo, Henry B. Gonzalez Convention Center, Hemisfair, Tower of the Americas, Shops at Rivercenter, and numerous restaurants and hotels.
Partners Real Estate, one of the largest independent commercial real estate firms in Texas, arranged a 1,054-square-foot retail lease with KindFolk Apothecary + Wellness located at 901 N. Vista Ridge in Cedar Park.
Partners’ Todd Mahler represented the landlord, Schneider Tax & Bookeeping in the transaction.
Partners Real Estate arranged the sale of a 6,578-square-foot medical office property located at 11007 Ranch Road 2222 in Austin.
Partners’ Tyler Jaynes, Ryan McCullough, Connor Watson and Sean Anderson represented the seller in the transaction.
Partners Real Estate arranged the sale of two medical office properties totaling 4,473 square feet in San Antonio. The buildings are located at 1314 E Sonterra Blvd #302 and 9502 Huebner Road #201 in San Antonio, Texas.
Partners’ Ryan McCullough and Tyler Jaynes represented the buyer, Cottonwood RE, LLC. in the transaction.
Partners arranged two leases totaling 5,000 square feet of retail space at Trails at 620 located at 8300 North FM 620 in Austin.
Freebirds World Burrito inked a lease renewal for 3,500 square feet of space, and Pro T’s, LLC linked a lease renewal for 1500 square feet of space.
Partners’ Kevin Murphy represented the landlord, Partners Capital in both of the transactions.
Partners Real Estate (Partners), one of the largest independent commercial real estate firms in Texas, arranged the sale of a 2,930-square-foot Schlotzsky’s restaurant located at 13613 TX-29 in Liberty Hill, Texas.
Partners’ Landan Dory represented the buyer, AJH Williamsburg, LTD., in the transaction. Jon Wertz of Wertz Commercial represented the seller. The transaction took place due to a 1031 exchange.