San Antonio: 10M SF of retail space sells for $123M

​SAN ANTONIO – One of the world’s largest private equity real estate investment firms is now the owner of three of San Antonio’s largest retail centers after closing on a 50-property portfolio encompassing nearly 9.84 million sf. 

New York-based Blackstone’s deal with RioCan REIT—the former owner of Alamo Ranch, Ingram Hills and the Arbor Park Shopping Center—boosts the investment firm’s San Antonio portfolio by an additional 682,186 sf. 

The three local properties contributed $123.3 million to the portfolio.

That equates to Blackstone paying exactly $181 per sf for the three assets.

Here’s a closer look at each of the three San Antonio retail centers:

Alamo Ranch

Where: 5303 W Loop 1604 North

Size: 464,000 SF

Arbor Park Shopping Center

Where: 17,700 US Hwy. 281 North

Size: 139,520 SF

Ingram Hills

Where: 6020 Ingram Rd.

Size: 78,666 SF