The Booming Industrial Market in San Antonio

San Antonio’s industrial market continues to expand, which spells success for San Antonio’s economy and job market. Development in San Antonio continues to be concentrated along the major interstates and in areas along existing railroads.

The highly desirable location of San Antonio facilitates the conveyance of goods all across the United States, as well as to the Mexican market. Some areas of development include Alamo Downs in west San Antonio, Interchange Park, Tri-County in northeast San Antonio, Cornerstone on the east side, and Port San Antonio on the southwest side.

Some of San Antonio’s recent industrial developments include:

• Toyota Plant – The Toyota plant employees more than 2,000 workers and is the largest new development which has had the greatest impact on the region.
• The San Antonio Intermodal Terminal (SAIT) – The SAIT is a $100 million development which will position San Antonio as a major shipping hub. Due to open in late 2008, this 300-acre development is expected to put $2.5 billion back into San Antonio’s local economy over the next 20 years.
• Cross & Company – Cross & Company, which currently owns 1.7 million square feet of space, is currently developing Cornerstone and Tri-County Industrial Parks.
• Verde Enterprise Business Park industrial development – Verde Corporate Realty Services and Trinity Asset Management are partnering to develop 3 million square feet of industrial space. Some of the buildings currently under construction include an 88,000 square foot building and another 96,000 square foot development being proposed.
• DB Reef Trust – DB Reef Trust, which is one of Australia’s largest property fund managers, recently purchased a 1 million square foot warehouse office, as well as flex and rail properties for $57.5 million from Santa Barbara Development Services of San Antonio. DB Reef Trust also plans to partner with Deutsche Bank to develop and operate a 1.5 million square foot, 16-building portfolio, valued at $95.5 million.
• Tire Centers, LLC – Tire Centers, a wholly owned subsidiary of Michelin Corporation, is due to occupy a 33,000 square foot distribution center in northeast San Antonio.