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$100M Industrial Plan Planting 1M SF Plus

SAN ANTONIO-Santa Barbara Development Services teams with DB Rreef Trust to build 1.5 million sf of industrial space in four local business parks.

By Amy Wolff Sorter | Updated on August 22, 2007

(Read more on the industrial market.)

SAN ANTONIO-The recently formed Santa Barbara Development Services is partnering with Australia’s DB Rreef Trust on a $100-million plan to build 1.5 million sf of industrial space in the region. The program’s being ramped up within weeks of the local developer selling its interest in a one-million-sf portfolio to the trust.

The new partners will break ground within 30 days on five buildings in Interchange Park. Within 60 days, industrial projects will get under way in Tri-County Business Park in Schertz, TX, the Port of San Antonio and Cornerstone Business Park.

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