CBRE brokered the sale of Woodlake Crossing, a 159,703 square foot retail power center located at 6212 Woodglen Drive in San Antonio. Austin-based Stream Realty will be marketing the available retail space.
Kevin Catalani, first vice president with CBRE in San Antonio represented the seller, InvenTrust Properties. Dallas-based Elm Creek Real Estate acquired the asset for an undisclosed sum.
“Despite all that is happening, there is still investor demand in the San Antonio retail market and this transaction is a testament to that,” said Catalani.
Elm Creek Real Estate was already the owner of the shadow-anchor for Woodlake Crossing, previously occupied by Target. This acquisition now allows Elm Creek Real Estate full control of the shopping center.
“With full controlling ownership of the shopping center, Elm Creek Real Estate will now have the flexibility to rebrand and to work with local and national retailers to create a diverse and dynamic retail tenant mix to best serve the local community,” said Ryan Ridgeway, senior vice president at Stream Realty.
Major tenants at Woodlake Crossing currently include Ross and Petco.