For Clarion Partners, platinum is a landlord’s best friend

Earning LEED certification for a ground-up office building is challenging enough, but capturing the highest “platinum” rank of eco-friendliness may be one of the most difficult undertakings as a real estate landlord.

Clarion Partners, the New York investment company, did just that. The Perry Brooks building downtown recently was recognized as the first LEED platinum overall office renovation in Austin.

Click to read the rest of this Article at Austin Business Journal.

Port San Antonio begins work on new 17-acre tech industry campus

Port San Antonio is moving forward on its plan to add 5,000 new jobs by 2020 inside the 1,900-acre industrial complex and began construction on a new $20 million technology industry office building.

The 90,000-square-foot facility is expected to create up to 300 jobs. That goal is tied to technology companies moving into the building by 2018, particularly businesses in the cybersecurity industry. Companies inside Port San Antonio already employ 12,000 workers that operate in aerospace, manufacturing and cybersecurity. In 2016, the organization estimated that roughly 40 percent of the industrial campus has been developed.

Click to read more at San Antonio Business Journal.

147K sf leased at Interchange East Distribution

SAN ANTONIO – A full-service warehouse and shipping provider, Southern Warehousing and Distribution, has leased 147,840 sf at the Interchange East Distribution Center.

Located at 5050 Stout Dr. on intersection of Loop 410 and IH-10, the industrial facility offers fenced truck court and parking, and ten dock high doors.

Josh Aguilar, vice president, Industrial & Logistics, CBRE explained that there is an increasing demand for large warehouse space for local and regional distribution in the market.

Aguilar and Rob Burlingame with CBRE in San Antonio represented the property owner, Prologis, in lease negotiations.

 

Check CBRE for more information

Check out San Antonio Industrial Market Research for quarterly data.

Developer raises $6M of investment capital for progressive, 6-acre project on East side

A majority of the flashy developments proposed throughout San Antonio over the past few months have fallen flat due to financing difficulties, but with locally based Varga Endeavors and Harris Bay’s plans for a progressive mixed-use project in East San Antonio, the money is there. Now, it’s just about getting the design right.

Click to read more at San Antonio Business Journal.

Pearl-area bar to close, making room for new development

The Stay Golden Social House announced that it will close this summer, clearing its space at 401 Pearl Pkwy. for developer Silver Ventures to expand its Pearl footprint.

The bar, which opened in 2014, posted on Facebook that it will close in about 97 days. Silver Ventures’ real estate entity Broadway SA Investors GP LLC bought the 0.84-acre site in 2013. It is appraised at nearly $1.1 million.

Click to read more at San Antonio Business Journal.