July 22, 2019
Quadrant Investment Properties shook hands with the RK Group to acquire a five-acre plot on the east side of San Antonio. Quadrant’s plans are to convert the property, which includes a 71,342-square-foot warehouse, into a mixed-use development. Jeremy Jessop with JJ Real Co. represented the seller in the transaction.
If plans are approved, the project at 1220 E. Commerce St. would offer Class A office space, restaurants and bars, that would be built around a pedestrian-oriented green space. The new owners are still working through the plans and designs.
The property’s seller is a 70-year-old business consisting of companies providing culinary and hospitality services, as well as contracted venue management. RK Group is planning to consolidate operations and relocate to the Red Berry Estate, 856 Gembler Rd., in early 2020.
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