The building at 10120 Fischer Road was vacant at the time of the sale. Image courtesy of Avison Young
Harbor Capital has purchased a 198,000-square-foot Class A industrial building in Von Ormy, Texas. Avison Young negotiated on behalf of the buyer, while JLL represented the seller, Becknell Industrial.
The distribution and manufacturing facility was vacant at the time of the deal. Built in 2008, the property last changed hands in 2012, according to CommercialEdge. It includes 40-foot clear heights, a 7,000-square-foot office component, a drive-in door, 24 dock-high doors, a 130-foot truck court and 94 vehicle parking spots.
Rising on approximately 10 acres, the property is close to interstates 410 and 35. The plot is within a Foreign-Trade Zone, 2 miles of San Antonio Intermodal Terminal, 13 miles from San Antonio and within 21 miles of San Antonio International Airport. Additionally, the asset is located within Freeport Business Centre, home to Amazon CIG Logistics, North Park Toyota and United Rentals, among others.
JLL’s team of Senior Managing Director Trent Agnew, Director Josh Villarreal, and Analyst Greer Shetler represented the seller, while Avison Young’s team of Principal Stan Nowak and Analyst Sam Bush worked for the other party. Harbor Capital recently raised a fund to build out its Central Texas industrial portfolio, including looking out for strategic assets in the San Antonio Market market, said Nowak, in prepared remarks.
In late 2022, another company expanded significantly in San Antonio: Fort Capital picked up Starcrest Industrial Portfolio, a 465,650-square-foot, eight-building campus. With the acquisition, the buyer increased its industrial footprint to more than 6 million square feet.
