Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of City Base Landing, a 201,426-square-foot shopping center located within the 1,300-acre Brooks City Base master-planned community in San Antonio, Texas.
The HFF team marketed the property for the seller, a global real estate investment manager. MIMCO, INC. purchased the asset free and clear of existing debt.
Situated on 22.22 acres at 3326 Southeast Military Drive, City Base Landing is at the intersection of Southeast Military Drive and Interstate 35 and visible to more than 115,000 vehicles a day. The property is within the Brooks City Base master-planned community, which was created in 2001 from what was once the historic Brooks Air Force Base, and located 10 miles south of downtown San Antonio. More than 40 businesses and thousands of multi-housing and single-family residences exist within Brooks City Base. Completed in 2005, City Base Landing comprises eight multi-tenant buildings and four individual buildings. The center is home to more than 40 national and regional tenants, including Best Buy, Office Depot, Chili’s, Jo-Ann Fabric and Craft, Starbucks, Chick-fil-A, Mattress Firm, Cato and Anytime Fitness.
The HFF investment advisory team representing the seller included senior managing directors Barry Brown and Jim Batjer, managing director John Taylor, associate Matt McCarney and analyst Josef Ctvrtlik.
Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp, a Texas licensed real estate broker.
About MIMCO, INC.
MIMCO, INC. was founded in 1972 to provide real estate investment opportunities in El Paso, Texas. With over 40 years of experience in the real estate business, the company’s portfolio has grown to include over 320 properties in El Paso, San Antonio, Austin, Dallas, McAllen, Brownsville, Pharr, Hidalgo, Fredericksburg and Waco, Texas, along with properties in Las Cruces and Alamogordo, New Mexico.
HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.