San Antonio: Peloton scores 106,000-SF property on the reboundSan Antonio: Peloton scores 106,000-SF property on the reboundhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=111082015-11-10T06:00:00Z2015-11-10T16:00:00Z

​SAN ANTONIO - Peloton Commercial Real Estate recently acquired the Northbrook Business Center at 140 Heimer Rd., a flex office and industrial property in the desirable North Central submarket.

Now at 75 percent occupancy, the 105,846-sf property is on the rebound from when it went into foreclosure about six years ago. The property was then sold to Dallas-based real estate private equity firm TriGate Capital, which brought Northbrook's occupancy up from 50 percent and put capital into various improvements.

Peloton's focus now will be to continue building up the property's occupancy rate. The occupancy rate has the potential to hit between 90 to 95 percent.

Value-driven tenants in San Antonio's office market are increasingly moving out of their spaces in office towers as a result of rising rents.

Rather than sacrifice location, a majority of those tenants are looking for lower-class properties, often one- to two-story buildings with a large footprint.
San Antonio Business Journal
San Antonio-New Braunfels
http://www.bizjournals.com/sanantonio/news/2015/11/09/peloton-commercial-re-invests-in-north-central-san.htmlRead more at the {Source}

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