Two San Antonio Industrial Properties Acquired by Houston’s Welcome Group
SAN ANTONIO, February 17, 2022 /PRNewswire/ — A pair of San Antonio industrial buildings were acquired by Welcome Group, the second and third properties on the market purchased by the Houstonsole-tenant real estate developer specializing in manufacturing, laboratory, warehouse and distribution facilities.
The company acquired 80,431 square feet of office/laboratory space on 11.9 acres of land at 6203 Farinon Drive. The building is currently leased by KCI United States, Inc., a global advanced wound care company that develops innovative healing solutions for customers and patients. The building was constructed in 2004.
Welcome Group also acquired a 43,860 square foot office/laboratory on 4.5 acres of land at 6603 First Park Ten Boulevard. The property is located in a highly desirable infill location one mile from I-10, providing quick and easy access to the 410 and 1604 loops. The building’s first phase opened in 1987 and its second phase has been completed. in 1995.
“We certainly keep San Antonio top of our list for future real estate acquisitions,” notes Welcome Wilson, Jr., President and CEO of Welcome Group.
Welcome Group now has a diversified portfolio of over 130 industrial properties covering over 6 million square feet. Tenants range from Fortune 500 companies to emerging entrepreneurial companies in manufacturing, healthcare, energy, technology, warehousing and distribution, and other operations.
Financing for both acquisitions was provided by Frost Bank.
Welcome Group was represented in both transactions by Ryan Wasafsenior vice president of Welcome Realty Advisors; Cole Bercher, partner at Welcome Group; and John Wilson of the host group.
The vendor at 6203 Farinon Drive was represented by John Taylor from JLL. The vendor at 6603 First Park Ten Boulevard was represented by Luis Garza from Transwestern.
About the welcome group
Welcome Group is a leader in the development and ownership of single-tenant industrial facilities for some of the world’s most respected business names and currently owns over 6 million square feet in Texas and the southeastern United States. The company also offers bespoke construction and design-build services for interested companies and actively seeks direct purchase and leaseback opportunities through Texas and the southeast United States. For more information, visit welcomegroup.com.
SOURCE Hospitality Group