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Koontz Corporation plans to develop a 188-acre “industrial mega-site” on the city’s Southwest Side, the latest indication of strong demand for warehouse, manufacturing and distribution space that’s gobbling up the dwindling number of sites in the metro area.
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San Antonio’s Koontz Corporation has sold one of its properties, Encino Trace Luxury Apartment Homes, to SB Pacific Group LLC, a California investor. Although the value of the transaction was not disclosed, Brazos County values the property at $32 million.
San Antonio’s booming economy requires a more sustainable way to develop properties.
Koontz Corporation announced that its Westport Industrial Park Project — an industrial spec development in San Antonio — has broken ground. The 374,400-square-foot project is being developed in two phases with the first two buildings totaling 187,200 square feet expected to be completed by February 2023. Located at 438 S. Callahan Road, the project will provide industrial space to San Antonio’s westside.