SAN ANTONIO--CBRE Capital Markets' Investment Properties has received the exclusive marketing assignment for Kenedy Station, a newly constructed, 12,840-square-foot retail center in the Eagle Ford Shale.
The seller, Austin-based Kenedy Retail LLC, developed the center in 2013 and completed construction earlier this year. Kenedy Station is in Kenedy, approximately 42 miles southeast of San Antonio. It is 100 percent occupied—major tenants include Anytime Fitness, Subway, AT&T, Great Clips and Robert Fletcher DDS.
“Across the board, Karnes County leads the core 15-county area of the Eagle Ford Shale in number of wells, economic impact, and local and state government revenue generated,” Gene Williams, vice president with CBRE, told GlobeSt.com. “The immediate retail trade area is 96 percent occupied and there are few new developments slated in the near future. All of these elements, plus Kenedy Center's mix of national and local tenants, make it a prime investment.”
Within a quarter mile of the center are two new, large-scale developments, including the Las Colinas residential subdivision, and a 100-acre, mixed-use commercial development by Signor.
The asset is free and clear of existing debt.
Carrie Caesar, Williams and Evan Ketabchi, all with CBRE in San Antonio, are representing the seller. Williams and Ketabchi represented the seller/developer in fully leasing the center after it was built.
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