Monday, June 29, 2015

HFF closes sale of medical group-anchored retail center in San Antonio, TX


Crown Meadows Shopping Center, 7614-7616 Culebra Road, San Antonio, TX


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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