Stream Realty Partners has been selected as the exclusive leasing agents and property managers for Rittiman Trade Center, an eight-building industrial park totaling 77,000 square feet in Northeast San Antonio.
“We are excited to be involved in the redevelopment of such a great project in the heart of San Antonio’s industrial market,” said Kevin Cosgrove, vice president in Stream’s San Antonio office. “Rittiman Trade Center is ideally located for small distributors, manufacturers and vendors working with HEB and other large companies in the area.”
The buildings will offer flexible sizing with the ability to combine units with multiple secured yards and immediate access to Loop 410 and IH-35. Stream’s Cosgrove and Kenneth Hartmann, senior associate, have been selected to lease the property.
Rittiman Trade Center was purchased in a joint venture formed by St. Clair Commercial Real Estate (SCCR) and Ledo Capital Group (LCG). This is the ninth Texas acquisition by SCCR/LCG. At the property, buildings 5 and 6, which are 8,790 square feet and 8,816 square feet respectively, are move-in ready.
“The venture saw the opportunity to acquire a unique quality infill park with individual buildings ranging in size from 8,600 to 17,000 square feet, each with fully secured side yards,” Greg St Clair, CEO of SCCR, said. “This is part of our infill strategy to acquire strategically located assets in growth areas in San Antonio and greater central Texas.”
Anthony Brent and Ryan Martin of Ledo Capital funded the transaction in its private operating capital fund, allowing the SCCR/LCG venture to further expand its platform through the acquisition of existing value-add and development opportunities in Dallas, San Antonio, Austin and Houston. The venture is quickly approaching two million square feet of acquisitions.
Located in an established industrial submarket one mile from the intersection of interstate highways Loop 410, IH-10 and IH-35, the area is most noted as the distribution and manufacturing headquarters of HEB, the largest grocery chain in Texas.
