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CyrusOne Offers Virtual Tour of San Antonio II Data Center

29 Mar 2015, 3:46 am

By Anca Gagiuc, Associate Editor

CyrusOne, the global data center services provider, is now offering a virtual tour of its San Antonio II data center campus. The development is designed to be constructed in two phases, and at completion is expected to encompass 372,000 square feet.

“Along with its central position in Texas and distance from natural-disaster zones, this facility offers customers a unique opportunity to establish an exceptional IT disaster recovery or production footprint in a highly reliable co-location facility with multiple levels of redundancy, as well as access to one of the fastest and most reliable connectivity networks over the CyrusOne National IX [Internet Exchange],” said Scott Brueggeman, chief marketing officer at CyrusOne. “The San Antonio II virtual tour highlights the facility’s design, systems, amenities and significant security features, including perimeter fencing, dual authentication, biometric access systems and a 24/7 security-guard presence.”

The second San Antonio data center is located in Westover Hills, close to major highways and the airport. It is a carrier-neutral facility, capable of providing as much as 36 megawatts of power.

Once the construction is finished, the data center will offer as many as 196,000 co-location square feet and more than 20,000 square feet of Class A office space. The platform provides customers with accessibility to high-performance, low-cost data transfers, and unites CyrusOne sites throughout the country.

Regency at Lookout Canyon Sold Through ARA Newmark

23 Mar 2015, 5:10 pm

By Anca Gagiuc, Associate Editor

Regency at Lookout Canyon, a Class A apartment complex located in north central San Antonio, has changed ownership. At the time of the sale, it was 95 percent occupied. The price was not disclosed.

Patton Jones and Matt Michaelson of ARA Newmark represented the seller, a private investment group from Atlanta. The buyer is MTC Partners, Ltd. (formerly Millrock), represented in the transaction by Salt Lake City-based Bridge Investment Group Holdings.

“Regency at Lookout Canyon was sought after by institutional and private investors looking for a light value­-add investment opportunity,” said Jones. “They were drawn to the area’s outstanding growth prospects, the property’s excellent demographics and its unique townhome -style units.”

Regency at Lookout Canyon was built in 2007. The complex offers one-, two-, three- and four-bedroom units. Apartment amenities feature spacious kitchens with double sinks, carpeting, crown molding, dishwashers and built-in microwave ovens. Community amenities include a resort-style pool, a hot tub, outdoor picnic and grilling areas, a 6,000-square-foot clubhouse, a business center, a health club, a playground, onsite parking and garages.

The community is located at 25675 Overlook Parkway, close to major employment areas including The Ridgewood Business Park, a 122-acre business park, and Stone Oak Medical Center. Highway 281 and Loop 1604 ease transportation for the residents. The Village at Stone Oak shopping center is also nearby, offering retail services such as Super Target, Eddie Bauer, Bath & Body Works, as well as restaurants and a cinema. The Shops at La Cantera is 20 minutes southwest of the property, offering 1.3 million square feet of retail and restaurant space, including Neiman Marcus, Tiffany & Co., Kona Grill and BRIO.

Photo courtesy of Regency at Lookout Canyon.

The Legacy at Santa Fe Senior Living Facility to be Developed by PinPoint Commercial

17 Mar 2015, 5:00 am

By Anca Gagiuc, Associate Editor

A new senior living community will be developed by PinPoint Commercial LP in the Aldea master-planned community. The Legacy at Santa Fe will be located at the intersection of Avenida Aldea and Camino Botanica.

The development will consist of 84 units, featuring a combination of limited assistance, traditional assistance and memory-care living. Construction is scheduled to begin in June; once the leasing process is finalized, the community will employ 40 to 50 people.

The community will feature state-of-the-art senior living technology, such as digital resident care platforms that integrate health and medical records with touchscreen devices, monitoring systems, wireless caregiver alert systems, wireless RFID door-entry systems, exercise equipment specifically designed for seniors and personal activity trackers.

The design plans at the Legacy at Santa Fe include separate facility neighborhoods for easy delivery of assistance. Each neighborhood contains unique common areas and is designed around a “Main Street,” with a restaurant, movie theater, general store, gym, library and sports lounge.

“The Legacy at Santa Fe is the result of a two-year process,” said Charles Turner, principal at PinPoint Commercial. “We studied more than 300 submarkets, and after months of travel and extensive research, we believe that the northern Santa Fe area is one of the most underserved markets that we have found to date. We can’t wait to get started.”

KB Home Starts CrossCreek’s New Phase

9 Mar 2015, 4:45 am

By Anca Gagiuc, Associate Editor

Los Angeles-based KB Home recently announced the opening of the newest phase of single-family homes at CrossCreek in northwest San Antonio, one of the most active real estate markets of the city.

Homebuyers will be able to choose from 16 designs and 12 flexible one- and two-story floor plans, ranging in size from 1,792 to 3,699 square feet. Prices start from $186,995 for a three-bedroom, two-bath, one-story home and go above $224,995 for a five-bedroom, 2.5-bath, two-story home. KB Home properties sold in San Antonio are ENERGY STAR® certified.

CrossCreek’s location is in close proximity to the Northside ISD public schools, major employment area, and shopping, dining and entertainment venues. The community sits in a busy corridor along Loop 1604, bordered by Highway 151 and Interstate 10. “CrossCreek is located in a dynamic and highly desirable area, and we are delighted to expand this community to offer more families the opportunity to live in a home built to their specifications,” said Brett Dietz, president of KB Home’s San Antonio division.

The community’s grand opening is following KB Home’s strategy to increase community count. Currently, it is building homes in more than two dozen active communities in San Antonio.

Photo courtesy of KB Home.

Artessa at Quarry Village Acquired by Intercontinental Real Estate

4 Mar 2015, 2:26 pm

By Anca Gagiuc, Associate Editor

Intercontinental Real Estate Corp., headquartered in Boston, announced the acquisition of Artessa at Quarry Village in San Antonio. The acquisition of the luxury mixed-use retail and apartment property was led by Senior Director of Acquisitions Steve Centrella and Associate Director of Acquisitions Chris LaFrance.

The transaction was originated by Brian Sykes,senior vice president with Capital One, the company that provided Intercontinental RE with a $63.3 million fixed-rate Freddie Mac loan with a 10-year term at 2.02 percent, 10 years interest and 9.75 years defeasance.

Artessa at Quarry Village is a Class A apartment community completed in 2009 and featuring 280 units. It includes 70,692 square feet of retail space in 27 suites on the ground floor. Located at 300 E. Basse, the property sits in Alamo Heights, only six miles from downtown San Antonio, easily accessible via Highway 281, the Interstate 410 “Loop” and Interstate 10.

The property offers 23 floor plans of one-, two- and three-bedroom apartments, featuring large private terraces or balconies, walk-in closets, double vanities, crown molding, wood flooring and granite countertops. Community amenities include a bocce ball court, four courtyards, two resort-style pools, a dining room, outdoor grills, wine-tasting rooms with private wine lockers, a parking garage and Wi-Fi surround in all common areas.

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