January 21, 2020
HPI Real Estate, headquartered in Austin, took possession of a vacant 409,685-square-foot distribution/high-tech manufacturing center in Schertz, TX, northeast of San Antonio. GE Oil & Gas Inc. sold the property, which once housed operations for Baker Hughes. Baker Hughes, which was, for a brief time part of GE, closed down the operations at the Schertz property in late 2018.
Situated on 40 acres at 1150 Schwab Rd., the four-building campus included an office area, as well as warehouse and production facilities. The site delivered in 2008 as a warehouse for Lack furniture then later on as a production plant for Salof Cos. GE Oil & Gas acquired Salof — and its plant — in 2013.
Carlos Marquez with NAI Partners represented the seller in the transaction.
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