Dhanani Private Equity Group Acquires Retail Asset In San Antonio From Sterling Organization For $115M

The property asset involved in this transaction is a retail asset located at 824 Northwest Loop 410 in San Antonio. The sale price for this property was $115,000,000, encompassing a total square footage of 635,325, which translates to a price per square foot of $181.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $115,000,000
• Address: 824 Northwest Loop 410
• Market: San Antonio
• Square Footage: 635,325
• Price per Square Foot: $181
• Buyer: Nick Dhanani, Nikhil Dhanani, Ali Wadhwani & Nick Dhanani, Jr. - Dhanani Private Equity Group
• Seller: Sterling Organization
• Brokers: Chris Gerard, Barry Brown, Erin Lazarus & Whitney Snell - JLL

The transaction was facilitated by the team at Dhanani Private Equity Group, led by Nick Dhanani, Jr., who serves as the Principal and Director of Retail Assets and Acquisitions. The brokers representing the transaction, Chris Gerard, Barry Brown, Erin Lazarus, and Whitney Snell, are from JLL. Following the transaction, the buyers expressed gratitude to their investors for their ongoing support, highlighting their success in closing approximately $586 million in transactions this year.