JLL Capital Markets brokers sale of Village at Stone Oak, a 476,000 SF high-performing retail center in San Antonio, TX

Whitney Snell

 DALLAS, TX –  JLL Capital Markets announced the sale of Village at Stone Oak, a 476,371-square-foot high-performing retail center in San Antonio, Texas. The price was not disclosed.

 JLL worked on behalf of the seller, SITE Centers, in the sale to Sterling Organization.

Chris Gerard

Village at Stone Oak ranks in the top 5% of United States shopping centers, according to Placer.Ai. Additionally, the property boasts an 84% occupancy rate and features a diverse tenant mix including power, lifestyle, convenience and office space. 

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. 

Ryan West

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. 

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.

Keenan Ryan

“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. 

"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. 

Andrew Griffin

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. 

 

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

PR, Capital Markets

2401 Cedar Springs Rd.

Dallas, Texas 75201

M +1 903 520 3478

JLL.com

 sterlingorganization.com.

 

 

JLL Capital Markets arranges $42 million refinancing loan for Vestavia Hills City Center, a premier mixed-use destination in Birmingham MSA

  

Kelsey Bawcombe

 MIAMI, FL, Oct. 9, 2024 –  JLL Capital Markets  has secured the $42.45 million refinancing of Vestavia Hills City Center, a 389-736-square-foot open-air, mixed-use lifestyle center in Vestavia Hills, Alabama.

 

JLL worked on behalf of the borrower, KPR Centers, in arranging the floating-rate loan through an affiliate of MetLife Investment Management.

 

Chris Drew

Vestavia Hills City Center, spanning 28 acres, is a modern, open-air shopping complex with a rich history dating back to 1954. Located at 700 Montgomery Hwy, just 15 minutes south of Downtown Birmingham, 

Vestavia Hills City Center serves an affluent suburban population. Recently renovated by the Sponsor, the center has undergone multiple revitalizations and expansions across three phases. 

Gregg Shapiro

The center features 66 diverse retailers, service providers and restaurants. Anchored by a high-performing Publix, the center also includes notable tenants such as AMC Theaters, Planet Fitness, PetSupermarket, ShoeStation, Dollar Tree, Panera Bread and Dave's Hot Chicken.

 

The JLL Capital Markets Debt Advisory team was led by Senior Managing Directors Chris Drew and Gregg Shapiro and Vice President Kelsey Bawcombe.

 

Vestavia Hills City Center, Vestavia Hills, AL

"Vestavia Hills City Center represents a prime example of a well-positioned retail asset in a thriving market," Drew said. "The center's strong performance, coupled with Birmingham's status as a top 50 metro and its exceptional demographics, made this an attractive opportunity for lenders. 

"With its diverse tenant mix anchored by a high-performing Publix and recent renovations, this property exemplifies the type of quality retail that continues to garner institutional interest in today's market."

  

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

 CONTACT:

Gréta Kieras​​​​ Senior Associate, Public Relations JLL Capital Markets 1980 Festival Plaza Drive Suite 250 Las Vegas,  NV  89135 T  +1 949 930 8498 Greta.Kieras@jll.com CA  RE license # 02111877

us.jll.com/capitalmarkets

Jones Lang LaSalle Americas, Inc. a licensed real estate brokerage company. ​CA RE license #01223413