AUSTIN--HFF has closed the sale of Crown Meadows Shopping Center, a 52,732-square-foot retail center anchored by a medical group in San Antonio.
HFF arranged the sale of the property on behalf of the seller, Culebra-Crown Meadows Ltd., an affiliate of Carmichael Development Co. CJ Park and Associates purchased the asset for an undisclosed amount.
Crown Meadows Shopping Center is 92.1 percent leased to medical office, retail and restaurant tenants including anchor-tenant Gonzaba Medical Group, Baptist Health System, W Dental Group, Fast Eddie's Billiards, Supercuts and Umberto's Italian Grill. The two-building center includes 240 parking spaces on its 4.55 acres.
Located at 7614-7616 Culebra Road in northwestern San Antonio, Crown Meadows Shopping Center is at the intersection of Culebra and Ingram roads with daily traffic counts exceeding 46,000 vehicles.
Senior managing director Rusty Tamlyn, managing director John Taylor, associate director Matt Berry and real estate analyst Robbie Kilcrease led the HFF investment sales team representing the seller.
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