Firm’s expansion in the San Antonio market continues with development of two Class A facilities on a site located 17 miles northeast of downtown.
SAN ANTONIO, TX, August 10, 2023 /24-7PressRelease/ — Expanding its presence in the San Antonio industrial market, Ackerman & Co. will develop Corporate Drive Industrial Complex, two Class A distribution facilities totaling 511,000 square feet in Selma, Texas, on a prime site located 17 miles northeast of downtown San Antonio.
The facilities – 274,000-square-foot Building 1 and 237,000-square-foot Building 2 – are under construction in the pad development phase on 32 acres acquired by Ackerman & Co. and its long-time investment partner Baltisse US Inc. The target delivery of the two buildings is 1Q 2024.
John Colglazier, Kyle Kennan and Lindsey Tucker of Partners (formerly NAI Partners) are leading leasing efforts for the buildings, located at 9388 Corporate Drive.
“Corporate Drive Industrial Complex provides a strategic location in the Guadalupe County submarket of San Antonio on a site roughly 1 mile away from Interstate 35, one of the busiest distribution corridors in Texas and the primary route between San Antonio and Austin,” said Jeff Bryant, SVP and Principal in Ackerman & Co.’s San Antonio office. “Demand for industrial space in the growing Guadalupe submarket is very strong, as demonstrated by increasing absorption levels and extremely low vacancy rates.”
Corporate Drive Industrial Complex will offer state-of-the-art features to meet the requirements of today’s high-efficiency distribution operations. The rear-load facilities will feature 32 to 36 foot clear-height options and a total of 647 parking spaces and 59 additional trailer parking spaces.
In addition to the Corporate Drive project, Ackerman & Co.’s projects in San Antonio include Doerr Lane Logistics Center, which offers 307,000 square feet of Class A distribution space. Completed in March 2023, the industrial park’s tenants include MEI Rigging and Crating (112,935 SF) and Quality Custom Distribution (116,176 SF).
Click here to view a video overview of the project.
About Ackerman & Co.
Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of 100 real estate professionals. To date, Ackerman & Co. has developed and acquired more than 37 million square feet of office, medical, industrial, retail and mixed-use space, has 4 million square feet under management, and a growing focus on self-storage investment. For more information, visit www.ackermanco.com
—
For the original version of this press release, please visit 24-7PressRelease.com here
