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Homeside Lending Cuts Sale-Leaseback Deal in Plaza Disposition

SAN ANTONIO-Homeside Lending Inc. has completed a sale-leaseback of the 190,567-sf Homeside Plaza in north central San Antonio. The lending company has secured a long-term lease for its 150,000-sf spot in the property transfer.

By Connie Gore | Updated on October 15, 2000

SAN ANTONIO-Homeside Lending Inc. has completed a sale-leaseback of the 190,567-sf Homeside Plaza in north central San Antonio. The lending company has secured a long-term lease for its 150,000-sf spot in the property transfer to 9601 McAllister Holdings, Mark Krenger, principal of Travis Commercial, tells GlobeSt.com.

Krenger, who had represented the seller, says the sale-leaseback deal is a result of the strong market conditions in the Loop 410/281 corridor. “They’re taking advantage of the market,” he says of Homeside Lending’s motivation to sell. The North Central submarket currently “is the strongest of the city’s four” due to its proximity to the San Antonio International Airport, he says.

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