VanTrust Real Estate, LLC (VanTrust), a full-service commercial real estate development company, has acquired one of the last sites in the Cornerstone industrial area of northeast San Antonio. VanTrust is set to break ground on Phase I of the 60-acre speculative industrial center, Cornerstone Commerce Center, this July.
Phase I of the Cornerstone Commerce Center consists of two buildings totaling over 413,173 square feet. To meet growing demand, up to four additional buildings totaling over 600,000 square feet can be constructed during Phase II of the project. Cornerstone Commerce Center will be located less than half a mile north of the intersection of Interstate 10 and Ackerman Road, with direct access to Ackerman Road.
“Last year, San Antonio saw a record-breaking increase in the number of logistics companies and last-mile distributors looking to establish a presence in the industrial market,” said Chris McCluskey, vice president at VanTrust. “As this upward trajectory continues, the Cornerstone Commerce Center will offer San Antonio and the booming northeast corridor the space it needs to deliver during this heightened demand.”
At year-end, San Antonio saw historic industrial growth with a total net absorption of over 4.1 million square feet in 2021, which was the most industrial space the area had absorbed in a singular year yet. The northeast San Antonio corridor alone experienced a more than 3 million-square-foot total net absorption, with over 1.5 million square feet of industrial space already under construction, according to CBRE.
Cornerstone Commerce Center offers a wide range of strategic advantages for companies looking to capitalize on the rising industrial market in San Antonio. As a part of the northeast corridor, the Center has direct connection to Interstate 410 and Interstate 10, giving tenants the ability to easily travel across San Antonio and to the growing Houston market. The Center’s ideal location also offers tenants access to numerous rail, air and ground transportation options provided by San Antonio and its surrounding cities.
Josh Aguilar and Rob Burlingame of CBRE are managing the leasing assignment of the Cornerstone Commerce Center. Phase I is slated for completion in July of 2023.