Mike Sales Of Nuveen Real Estate Acquires Phase I Of Westport Industrial Park From Bart Koontz

The property involved in this transaction is an industrial asset located at 438 South Callaghan Road, San Antonio, TX. The facility encompasses 187,200 square feet of space situated on 17 acres. This asset is part of the Westport Industrial Park, which has recently been developed and was delivered in 2023.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Address: 438 South Callaghan Road
• Market: San Antonio, TX
• Square Footage: 187,200
• Acres: 17
• Buyer: Mike Sales - Nuveen Real Estate
• Seller: Bart Koontz - Koontz Corporation
• Broker: JLL

This transaction marks the sale of Phase I of Westport Industrial Park, which consists of two 93,600-square-foot buildings. The development is currently 79% leased, and the seller, Koontz Corporation, is planning to move forward with a separate Phase II expansion nearby. JLL acted as the broker for both the buyer and the seller in this deal.