August 13, 2020
San Antonio-based Koontz Corporation finalized the sale of Foster Ridge Distribution Center, a 327,000 square-foot Class A distribution facility near the intersection of Foster Road and IH-10 E, to Exeter Property Group, headquartered in Conshohocken, PA. The sales price wasn’t disclosed.
Developed by Koontz and completed in October 2019, the industrial facility is located at 6611 Lancer Blvd. in northeast San Antonio. It was designed to accommodate a single large user or multiple smaller tenants.
“We planned Foster Ridge Distribution Center to address the increasing demand for state-of-the-art distribution facilities in San Antonio due to the rapid expansion of e-commerce and larger tenants looking to move into our marketplace,” said Koontz president and CEO Bart Koontz.
JLL’s Trent Agnew represented Koontz Corporation in the sale. The buyer represented itself.
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