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| Crown Meadows Shopping Center, 7614-7616 Culebra Road, San Antonio, TX |
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| Rusty Tamlyn |
HOUSTON, TX
– June 29, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it
has closed the sale of Crown Meadows
Shopping Center, a 52,732-square-foot retail center anchored by a medical
group in San Antonio, Texas.
HFF arranged
the sale of the property on behalf of the seller, Culebra-Crown Meadows, Ltd.,
an affiliate of Carmichael Development Company.
CJ Park and Associates purchased the asset for an undisclosed amount.
Crown
Meadows Shopping Center is 92.1 percent leased to medical office, retail and
restaurant tenants including anchor-tenant Gonzaba Medical Group, Baptist
Health System, W Dental Group, Fast Eddie’s Billiards, Supercuts and Umberto’s
Italian Grill.
The two-building center includes 240 parking spaces
on its 4.55 acres. Located at 7614-7616
Culebra Road in northwestern San Antonio, Crown Meadows Shopping Center is at
the signalized intersection of Culebra and Ingram Roads with daily traffic
counts exceeding 46,000 vehicles.
The HFF
investment sales team representing the seller was led by senior managing
director Rusty Tamlyn, managing
director John Taylor, associate
director Matt Berry and real estate
analyst Robbie Kilcrease.
For a complete copy of the company’s news release, please contact:
Kristen M.
Murphy
Associate
Director
HFF | One
Post Office Square, Suite 3500 | Boston, MA 02109
Main:
617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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