San Antonio: Dornin snags 189,000-SF Parkway PlazaSan Antonio: Dornin snags 189,000-SF Parkway Plazahttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=105552015-09-18T05:00:00Z2015-09-18T20:15:00Z

​​SAN ANTONIO - California-based Dornin Investment Group (DIG) has acquired Parkway Plaza, a five-building, 189,388-sf office park in the North Central submarket.

The 91 percent leased property sits on 13.7 acres directly north of San Antonio International Airport and adjacent to the newly completed Wurzbach Pkwy.

In-place rents at the property are approximately 10 percent below market rents. The property's stable cash flow is derived from three large tenants who occupy 42 percent of the property.

“The location of this submarket sandwiched between the CBD and some of the more affluent residential areas help drive demand for office space. We anticipate the recent declining vacancy and increasing rental rates to continue," said Chris Dornin, president and founder of DIG.

San Antonio-New Braunfels
http://www.globest.com/news/12_1197/austin/office/DIG-Acquires-SAs-Parkway-Plaza-361662-1.htmlRead more at {Source}

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