July 17, 2019
EastGroup Properties unveiled plans to develop its most recent San Antonio industrial park. Ridgeview 35, on Binz-Engleman Road, will consist of two buildings, totaling 369,000 square feet. The project’s 226,000-square-foot, two-building first phase will break ground in September.
A document submitted to the Texas Department of Licensing and Regulation indicated that development costs for the first phase will be approximately $9.5 million.
Pross Design Group is the architect, the general contractor is R.C. Page Construction and Ty Bragg with Cavender & Hill Properties is the listing broker. Pape-Dawson Engineers Inc. is the civil engineer.
The Mississippi-headquartered EastGroup is no stranger to San Antonio, owning the nine-building, 958,000-square-foot Eisenhauer Point Business Park on the metro’s northeast side, and two smaller business parks in the North Central and Far West submarkets. EastGroup’s David Hicks told the San Antonio Business Journal that occupancy of its area portfolio is 95%.
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