$18M drops to The Strand at Huebner Oaks in SA$18M drops to The Strand at Huebner Oaks in SAhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=29692014-09-24T08:04:00Z2014-09-24T06:58:00Z

SAN ANTONIO - Whitestone REIT has purchased The Strand at Huebner Oaks for $18 million or approximately $244 per sf, with an 8.3 percent cap rate. The 73,920-sf property is located along Huebner Rd., just off of I-10, in Northwest San Antonio.

The Strand boasts a 90 percent occupancy rate with tenants such as Half Price Books, Luce Italian Restaurant, Flying Saucer Draught Emporium, Pei Wei, Zoe's Kitchen, Birkenstock, and Smooth Lines Salon & Spa currently leasing space at the center.

Fulcrum Property Group was the seller.

Houston-based Whitestone also owns Windsor Park Centre, which spans roughly 200,000 sf along the northbound frontage of I-35 and Walzem Rd. on the Northeast Side.

Between Windsor Park and The Strand, Whitestone now owns nearly 300,000 sf of retail space in San Antonio.

San Antonio Business Journal
San Antonio-New Braunfels
http://www.bizjournals.com/sanantonio/news/2014/09/22/whitestone-reit-adds-nw-side-center-to-its-local.htmlRead more at {Source}

 Search NewsTalk Texas