Shopping center sold in Far North San AntonioShopping center sold in Far North San Antoniohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=12232015-04-23T06:55:00Z2015-04-22T00:00:00Z

SAN ANTONIO - Berry Oaks Shopping Center has been sold. The property is located in Far North San Antonio near the intersection of Hwy. 46 and US 281.

It may be easy to write off the 19,000-sf shopping center in the Singing Hills area as the middle of nowhere given that it is a healthy distance from San Antonio's retail hotspots.

However, in the past couple of years, the combination of overall population growth, people moving out beyond Loop 1604, and the development of a new Walmart have sparked the neighborhood's retail environment.

At the time of the sale, the five-year old Berry Oaks was 100 percent leased with a mix of local and regional tenants.

This one sale will not spark a flurry of investment activity for the area, but it does point to San Antonio's expanding footprint.

More people are rooting themselves in suburban areas such as Boerne, Seguin and New Braunfels, and indications are that Hwy. 46, which arcs through those cities, will play a vital role in the city's continued outward expansion.

NewsTalk San Antonio, Market Research

San Antonio Business Journal
San Antonio-New Braunfels
http://www.bizjournals.com/sanantonio/news/2015/04/21/sale-of-far-north-shopping-center-points-to.htmlRead more at {Source}

 Search NewsTalk Texas