VanTrust Real Estate, LLC (VanTrust) has entered the growing northeast San Antonio industrial submarket with the development of two Class A buildings inside Cornerstone Commerce Center, a new master-planned industrial development. One of the nation’s leading manufacturers of vehicle soft tops and accessories will use 104,514 square feet of Building A at 5442 Center Run Road for a distribution center. Building A is equipped with 51 dock doors, three drive-in doors and spec office space and includes 117,925 square feet remaining for lease. Building B has 190,734 square feet available for lease and features 40 dock doors and three drive-in doors.
VanTrust also purchased an additional 33 acres for Phase 2 of the project, which can accommodate up to an additional 400,000 square feet.
“San Antonio has emerged as a sought-after industrial hub in Texas thanks to its access to a diverse workforce and proximity to Interstate-35, Interstate-10 and Loop 410,” said Bill Baumgardner, executive vice president for VanTrust. “Cornerstone Commerce Center gives VanTrust flexibility with its development and is a prime, move-in ready option for today’s sophisticated industrial tenant. Many companies will be eager to utilize this dynamic complex.”
According to CBRE, the second quarter marked the 31st consecutive quarter of positive net demand for the San Antonio industrial market. More than 4.9 million square feet of industrial product is currently underway, and 26.2% of the total pipeline is pre-leased.
VanTrust is an industry leader in the commercial real estate sector with projects across Texas, and the company has continually experienced rapid growth since its inception in 2010. The full-service real estate development firm has developed more than 61 million square feet of office, industrial, multifamily, mixed-used, science + technology and hospitality projects nationwide.
Joshua Aguilar of CBRE represented the tenant, and Rob Burlingame of CBRE represented VanTrust in the transaction