Search
 

Cross Closes On 69 Acres for 1M-SF Flex Plan

SAN ANTONIO-Cross & Co. maps out a plan for spec office, high-finish warehouses and pad-site sales on land that's been long ignored by the development crowd.

By Amy Wolff Sorter | Updated on October 04, 2007

SAN ANTONIO-A virtually ignored 69-acre plot is now in the possession of a local developer, who plans to build up to one million sf of flex space on the site. Cross & Co. also plans to create pad sites on about one-third of the acreage for resale to users in the far northwest submarket.

Cross & Co. acquired the land at the junction of Tradesman Drive near Interstate 10 and Loop 1604 from a private partnership, Tradesman LLC of St. Louis. The new owner will begin infrastructure work within four months plus plat the dirt for the pad sites, which are earmarked for office buildings in the 10,000-sf to 12,000-sf range. Pad sites will be sold for $5 per sf.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.