Silver Star Properties REIT, Inc. (Silver Star Properties), formerly known as Hartman Short Term Income Properties XX, Inc. has announced new leasing transactions in San Antonio and Dallas:
City Oritente, Inc. Renewed 4,007 square feet at 8610 North New Braunfels in San Antonio, Texas. In the transaction, Kaila Brodeur represented the landlord, Silver Star Properties REIT.
Foot Locker Retail, Inc. Renewed 3,484 square feet at 5486 Walzem Road in San Antonio, Texas. In the transaction, Brent St. Amant and Kaila Brodeur represented the landlord, Silver Star Properties REIT.
Pecos Construction LLC renewed 3,609 square feet at 8111 LBJ Fwy in Dallas, Texas. In the transactions, Lynna Smith and Katie Covarrubias represented the landlord, Silver Star Properties REIT.
TradeLane Properties, a privately held Industrial real estate investment company, has successfully closed on a five-building light industrial portfolio totaling 631,000 square feet across the San Antonio, Texas. Acquired within the TradeLane Properties U.S.
Industrial Fund II, L.P., a value-add investment fund focused on key Central U.S. logistics markets, the portfolio was constructed in 2005-2006 and was 100% leased at closing to eleven diverse customers.
The transaction, with an average building size of 126,200 square feet and a weighted average remaining lease term of under four years, is consistent with TradeLane Properties’ strategy of investing in select major Central U.S. logistics markets with opportunity to add value through in-house capabilities inclusive of dedicated accounting, construction, and property management teams.
TradeLane Properties would like to thank Trent Agnew and the JLL Capital Markets team for their assistance in this transaction.
Partners Real Estate, formerly known as NAI Partners, has hired commercial real estate industry veteran Steve Druth as managing director of its Austin and San Antonio offices.
In his new role, Druth will lead the day-to-day operations of the company’s Central Texas offices, and focus on growing revenue, supporting the sales team, recruiting, providing office leadership and coordinating efforts with other offices and teams. Druth will report directly to Scott Lunine.
Prior to joining Partners, Druth accumulated 35 years of experience in commercial real estate brokerage, management and sales training. A previous agent at Marcus & Millichap in both Manhattan and Miami, Druth was also president and CEO of Druth Commercial Real Estate, focusing on investment sales and leasing. In that role, he became known for his leasing/marketing expertise and the high occupancy levels in his properties.
Most recently, Mr. Druth worked at Franklin Street, where he is based out of the firm’s Tampa headquarters. In addition to his role as a broker specializing in commercial investment sales, he was an accomplished commercial real estate coach, overseeing the development of 50 high-performing agents. In this role, he focused on helping the full-service commercial real estate firm grow throughout top metropolitan markets with the best professionals performing across all lines of business.
Partners Capital, the investment arm of Partners Real Estate (Partners), has sold Blanco Crossing, a 22,606-square-foot retail center located at 19179 Blanco Road in San Antonio. The property was originally acquired by Partners Capital in 2020 through its third investment vehicle.
The buyer was a private investor in San Antonio, Texas. Philip Levy and Jack Newman of Marcus & Millichap represented Partners Capital on the sale.
Partners Capital has completed more than $450 million in transaction volume during the last six years and their current portfolio comprises of more than 1.4 million square feet. Additionally, the Partners Capital team is currently raising capital for Partners Opportunity Fund V—which will be a $150 million equity investment vehicle acquiring value-add industrial, retail, and office properties in Texas and beyond.
Mohr Capital, a privately held real estate investment firm, has added the 439,809-square-foot Foster Ridge II industrial property to its portfolio. The deal closed in March 2023.
Foster Ridge II is located at 7015 Lancer Blvd., San Antonio, Texas 78219 and was built in 2022. The building is fully leased to Tesla.
The property is a 36-foot clear cross-dock warehouse in one of the best industrial submarkets of San Antonio, where rents have continued to grow past $6 per square foot.
Mohr Capital purchased the property from Becknell Industrial. JLL’s Dustin Volz, Dom Espinosa and Trent Agnew represented the seller. Rodrigo Godoi negotiated the transaction on behalf of Mohr Capital.