JLL Capital Markets brokers sale of Castle Hills Market in San Antonio, TX

 

Gianna New

 HOUSTON, TX – JLL Capital Markets has arranged the sale of Castle Hills Market, a 97,682-square-foot neighborhood retail strip in San Antonio, TX. The price was not disclosed.

Ryan West

JLL worked on behalf of the seller, Ziff Real Estate Partners, to procure the buyer, Kobalt Investment Company LLC.

Castle Hills Market, situated at 2211 NW Military Hwy., is strategically positioned on a vital retail artery in Northwest San Antonio, experiencing over 40,000 vehicles daily. 

With a population of 120,667 and an average household income of $139,000 within a 3-mile radius, the area presents outstanding demographics.

San Antonio is home to the largest concentration of IT and cyber security jobs outside of Washington DC, offering the city ample employment opportunities. 

John Indelli

In addition to being a top tourist destination in Texas and a military hub with four bases, San Antonio is attracting young families with its affordable housing options, excellent schools and central location.

 The city is experiencing a significant demographic shift and boasts a diverse economy.

Situated on over 6.71 acres and constructed in 1986, Castle Hills Market is a thriving shopping center. With an impressive occupancy rate of 91%, it houses key anchor tenants such as Alamo Bridal, Edward Jones, Allstate, St. James Place and Beast Gym.

 

JLL Capital Market’s Investment and Sales Advisory team was led by Senior Managing Director Ryan West, Senior Director John Indelli, Senior Director Chris Gerard, Director Whitney Snell and Analyst Gianna New.

Whitney Snell

“San Antonio's significant population growth, diverse economy and strong employment trends make it an attractive market for both investors and businesses,” said Snell. “Castle Hills Market presents a valuable asset in a prime location with strong demographics and tenant occupancy.”

Chris Gerard

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. 

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. 

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

 

For more news, videos and research resources, please visit JLL’s newsroom. 

 

CONTACT:

 Grace Lewis

PR, Capital Markets

JLL

2401 Cedar Springs Rd.

Dallas, Texas 75201

M +1 903 520 3478

JLL.com