Marcus & Millichap Inc.

01/23/2025 | Press release | Archived content

Marcus & Millichap Closes Retail Center Sale in Northwestern San Antonio

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Marcus & Millichap Closes Retail Center Sale in Northwestern San Antonio

January 23, 2025
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SAN ANTONIO, Jan. 23, 2025 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of San Antonio Crossing, a 100% occupied, 145,819-square-foot neighborhood retail center anchored by triple-net-leased Academy Sports + Outdoors and Burlington Coat Factory in the northwestern side of San Antonio, Texas. The center is shadow anchored by a high-volume H-E-B Plus!

"When Burlington acquired the Conn's lease, the tenant lineup solidified at a property that is located on arguably the best retail corner in San Antonio," said Philip Levy, executive managing director investments in Marcus & Millichap's Dallas office. Levy and Chris Gainey, senior vice president investments in the firm's Fort Worth office, represented the seller and procured the buyer.

"This was a unique opportunity to acquire well-located retail with a great tenant lineup and a strong grocery shadow anchor," added Gainey. "The out-of-state buyer group performed a 1031 exchange out of another commercial product type. We appreciate the opportunity to help facilitate a smooth and quick transaction for both buyer and seller."

San Antonio Crossing is located at 11600 Bandera Road at the intersection of Bandera Road and Loop 1604 West in an area that sees more than 162,854 vehicles per day. Built in 1999, the property features four multi-tenant buildings on a 17-acre site. The tenant roster includes Orangetheory Fitness, H&R Block, GNC, and Starbucks, among others.

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About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.