SAN ANTONIO–Rockspring Capital has purchased a121-acre industrial site in Seguin, TX. The purchase price was notdisclosed.

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Located off of I-10E, east of San Antonio and south of NewBraunfels, the property sits between a Catterpillar engine plantand a Caterpillar general supplier.

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“In the 40 plus years that Rockspring Capital has been makingland deals, we have developed strong relationships with land ownersbecause we purchase with all cash and because we do business theright way,” says Jim McAlister, president and CEOof Rockspring Capital. “We often get the first call from motivatedsellers because of our successful history of closing. This helps usto make quality purchases, such as this property inSeguin, on behalf of our investmentpartners.”

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Development plans are yet to be finalized for the site. Thedevelopment-ready land can be utilized for one large industrialspace or up to three smaller buildings.

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This is Rockspring's third Texas purchase in 2014. Earlier inthe year the company purchased a 7.6-acre site in San Antonio and a22.5-acre site in Austin.

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