Koontz Corporation Begins Construction and Leasing of Foster Ridge Distribution Center, San Antonio, TX
Koontz Corporation Begins Construction and Leasing of Foster Ridge Distribution Center
Cross-Dock Facility Targets Expanding Industrial Demand
SAN ANTONIO May 1, 2018. San Antonio-based Koontz Corporation (Koontz) today announced its newest development, Foster Ridge Distribution Center, a 327,000 square-foot cross-dock industrial facility to be located near the intersection of Foster Road and IH10 E. The concrete tilt wall project will feature 32-foot clear heights with speed bays and optimized column spacing along with the latest ESFR fire safety system. With 75 dock high overhead doors, four ramps, ample trailer storage, and 130 foot truck courts on either side of the building, Foster Ridge is designed to accommodate a single large user or multiple smaller tenants. The pending expansion of Foster Road to four lanes will serve to further enhance the location’s ready access to IH10, IH35, IH 410, and SH130, providing convenient service to markets throughout Texas including San Antonio, Austin, Houston, and Laredo.
“San Antonio’s growing population combined with the rapid expansion of e-commerce businesses has created a significant demand for state-of-the-art distribution facilities like Foster Ridge,” said Koontz Corporation President and CEO, Bart Koontz. “With its strategic location, superior access, and modern design features, we feel Foster Ridge will present and attractive option for larger tenants looking to expand in our marketplace.”
The project, scheduled to break ground later this week, is the latest development in the burgeoning industrial sub-market on San Antonio’s northeast side. The 21 acre site is located just 1.2 miles north of the 871 acre site acquired by HEB last October and about a half mile from the new Dollar General Distribution Center. Completion is expected in the first quarter of 2019.
The development team, led by Koontz, includes architect Powers Brown of Houston along with civil engineers Pape Dawson and general contractor R.C. Page, both of San Antonio. Cavender and Hill has been selected to lead the project’s leasing. Project financing was arranged by Holiday Fenoglio Fowler, L.P. (HFF) in combination with Voya Financial, Inc. and Dallas-based Catlyn Capital Corp.
About Koontz Corporation
Headquartered in San Antonio, Koontz Corporation is a leader in the development and construction of residential and commercial properties throughout the state of Texas. Its extensive portfolio of successful projects includes numerous multi-family, office, medical office, industrial, and retail properties. The company takes great pride in building projects of enduring quality and exceptional value for their clients, investors, buyers and tenants. For more information, visit http://koontzcorp.com.