SAN ANTONIO--The Kalikow Group, on behalf of KEP Luckey Ranch Global Associates, has announced the sale of a 70-acre commercial development parcel at the master-planned 2,400-home, 610-acre Luckey Ranch project in San Antonio. The buyer was not disclosed.

The total site consists of 540 acres zoned for residential development as well as the 70 acres zoned for commercial use with frontage on Highway 90. In the last three years, the Kalikow Group has sold all of the available residential development acreage. The property is located at Loop 1604 North and Highway 90, in the growing "Donut Hole" area of the city.

The sale of the remaining commercial parcel marks the completion of The Kalikow Group's eight-year investment in the project. The Kalikow Group acquired the site in 2007, capitalizing on San Antonio's emerging housing market fueled by new job growth and strong demand for affordable, single-family homes.

"San Antonio is one of the fastest growing areas by population in the U.S., homes are reasonably priced and job growth is expanding," says Edward Kalikow, president and CEO of The Kalikow Group. "We are pleased to have been able to execute our successful development model at the Luckey Ranch site, and look for additional opportunities for investment in Texas."