New Retail Center Will Dovetail 41-Acre Sale

BOERNE, TX-The sale of more than 40 acres for a development of single-family homes opens the way for a community shopping center at the Interstate 10 interchange with Scenic Loop in Boerne.

Dallas-based Centex Homes has begun site work on the 41.42 acres it bought from John Lewis of San Antonio for its residential subdivision. Now, 25 acres that Lewis owns fronting on I-10 is being marketed for the shopping center, Kit Corbin of the San Antonio office of Grubb & Ellis Co. tells GlobeSt.com. The land can support up to 125,000 sf of retail space.

Centex paid about $13,000 an acre for the property, less the money it spent to extend utilities to the site, which was rezoned in November for high-density residential development by the Boerne City Council. Corbin says the utilities would serve the shopping center.