FORT CAPITAL ESTABLISHES PRESENCE IN SAN ANTONIO WITH ACQUISITION OF FOUR CLASS B LIGHT INDUSTRIAL BUILDINGS
FORT WORTH, Texas (October 5, 2021) – Fort Capital expanded its industrial portfolio with an initial acquisition in San Antonio at 14309 Toepperwein Road. With four buildings totaling 49,441 square feet, the property offers a total of 37 suites ranging in size between 799 to 3,120 square feet. The light industrial property lies 1.2 miles from Interstate 35 providing direct access to downtown San Antonio and the San Antonio International Airport.
Located within the Austin-San Antonio corridor, this submarket is projected to become an industrial hub to accommodate population growth and residential development between Austin and San Antonio. San Antonio has been one of the fastest-growing MSAs (Metropolitan Statistical Areas) in the country over the past decade according to San Antonio Express News.
“San Antonio has been rapidly expanding in the past years, and we see this as the perfect opportunity to officially establish our presence in the market,” said Jason Baxter, CEO and President. “With the population rising and a fast-growing industrial submarket, we are eager to invest in San Antonio.”
With teams already established in Dallas, Fort Worth, and Houston, Fort Capital continues to be committed to operating with excellence and delivering exceptional returns to all stakeholders. Fort Capital’s in-house property management group, FCP Management, will manage the property out of its Houston office.
Fort Capital is actively acquiring Class B industrial buildings between $10M to $75M in major metropolitan areas of Texas including Dallas/Fort Worth, Houston, San Antonio, Austin, and El Paso. With 700,000+ square feet of Class B industrial acquired so far this year, Fort Capital is on pace to double this number by the end of the year.