Whitney Snell |
JLL worked on behalf of the seller, SITE Centers, in the sale to Sterling Organization.
Chris Gerard |
Shadow-anchored by Target, the center
houses notable retailers such as AT&T, Dollar Tree, DSW, Hobby Lobby,
HomeGoods, Kirkland's, McAlister's Deli, Petco, pOpshelf, Ross Dress for Less,
Spec's and ULTA.
Strategically located in Bexar County at the intersection of US 281 N and Stone Oak Parkway, the center also offers excellent visibility and access.
It serves an upper-middle-class community north of San Antonio and
is in close proximity to the JW Marriott Hill Country Resort, TPC Golf Course
and Lady Bird Johnson High School. Ryan West
The property's location capitalizes on San
Antonio's corporate presence, tourist attractions, educational institutions,
tech industry and extensive military population.
The JLL Investment Sales and Advisory team was led by
Senior Managing Directors Chris Gerard, Ryan West, Director Whitney Snell,
Associate Keenan Ryan and Analyst Andrew Griffin.
“Village at Stone Oak occupies a prime position in one of
the most vibrant areas of San Antonio,” said Gerard. “The submarket’s growth is
fueled by population expansion, a robust local economy and strong consumer
demand. Keenan Ryan
"These factors, combined with the center's diverse tenant mix and
immediate leasing upside, make it an exceptionally attractive retail
investment.”
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.Andrew Griffin
For more news, videos and research resources, please
visit JLL’s newsroom.
About SITE Centers Corp.
SITE Centers is an owner
and manager of open-air shopping centers located in suburban, high household
income communities. The Company is a self-administered and self-managed REIT
operating as a fully integrated real estate company and is publicly traded on
the New York Stock Exchange under the ticker symbol SITC.
About Sterling
Organization
Sterling Organization is a vertically integrated private equity real estate investment firm whose national platform is focused on investing in retail real estate assets.
Village at Stone Oak, a 476,371-square-foot
high-performing retail center in San Antonio, TX
Sterling Organization, and its affiliates, own and manage 75 properties across the U.S. with more than 13 million square feet of primarily retail real estate across the U.S. worth over $2 billion in value.
CONTACT:
Grace Lewis
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