SAN ANTONIO–Rockspring Capital has purchased a 121-acre industrial site in Seguin, TX. The purchase price was not disclosed.
Located off of I-10E, east of San Antonio and south of New Braunfels, the property sits between a Catterpillar engine plant and a Caterpillar general supplier.
“In the 40 plus years that Rockspring Capital has been making land deals, we have developed strong relationships with land owners because we purchase with all cash and because we do business the right way,” says Jim McAlister, president and CEO of Rockspring Capital. “We often get the first call from motivated sellers because of our successful history of closing. This helps us to make quality purchases, such as this property in Seguin, on behalf of our investment partners.”
Development plans are yet to be finalized for the site. The development-ready land can be utilized for one large industrial space or up to three smaller buildings.
This is Rockspring's third Texas purchase in 2014. Earlier in the year the company purchased a 7.6-acre site in San Antonio and a 22.5-acre site in Austin.
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