Nuveen Buys San Antonio Industrial Park

Nuveen Real Estate just snagged a major industrial gem in San Antonio — Phase One of Westport Industrial Park — featuring two 93K sq ft buildings on 17 acres, 79% leased with big tenants like Southern Glazer’s already in place. Priced likely above its $17M appraisal, the deal closed May 27, with developer Koontz leaving Phase Two for late 2027 — and offering new owners the chance to bring their own tenants. Strategically located west of downtown with Highway 151 access, it’s riding the wave of residential growth. Nuveen’s not stopping there — they also just acquired Sky Harbor Innovation Park in Tempe, AZ, set to convert from office to industrial. And with industrial demand in SA surging since 2020 — and ICE snapping up warehouses for detention — this is just the beginning. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/063112c81f5a42f9