The Palomar Group, a full-service commercial investment sales firm headquartered in Augusta, Georgia, announced the sale of Gateway Plaza, a 179,327-square- foot retail center located in San Antonio, Texas. The $16.7 million sale involved the seller, Gray Street Partners, and a regional real estate investment firm as the buyer.
Gateway Plaza is anchored by national credit tenants including Ollie’s, dd’s DISCOUNTS, Dollar Tree, and DG Market.
The center was 90% occupied at closing, with all three anchor tenants holding ample remaining term and options in place, and no single tenant occupying more than 19% of gross leasable area. It was built in 1988 and recently renovated in 2024.
The Palomar Group is a full-service commercial investment sales firm specializing in the sale of single-tenant, multi-tenant, and multifamily properties across the United States. Palomar has a proven track record of over $2.5 billion in completed transactions spanning 23 states and more than 14 million square feet.
The post Gray Street Partners Offloads 179K-SF San Antonio Retail Center appeared first on Connect CRE.
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