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SAN ANTONIO-Homeside Lending Inc. has completed a sale-leaseback of the 190,567-sf Homeside Plaza in north central San Antonio. The lending company has secured a long-term lease for its 150,000-sf spot in the property transfer to 9601 McAllister Holdings, Mark Krenger, principal of Travis Commercial, tells GlobeSt.com.

Krenger, who had represented the seller, says the sale-leaseback deal is a result of the strong market conditions in the Loop 410/281 corridor. “They’re taking advantage of the market,” he says of Homeside Lending’s motivation to sell. The North Central submarket currently “is the strongest of the city’s four” due to its proximity to the San Antonio International Airport, he says.

The new owner isn’t planning any significant improvements to the plaza, built in 1982. “It’s actually in pretty good shape.” he tells GlobeSt.com.

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