VanTrust to Break Ground on San Antonio Industrial Center

Cornerstone Commerce Center Phase I. Image courtesy of VanTrust Real Estate

Just days after announcing plans to construct nearly 1 million square feet of industrial space at two separate projects, VanTrust Real Estate has acquired one of the last sites in the Cornerstone industrial area in San Antonio, and is scheduled to break ground on the first phase of a 60-acre industrial center in July. The project will deliver 413,173 square feet of speculative space in two buildings.

Phase I is slated for completion in July 2023. VanTrust expects to construct four additional buildings totaling more than 600,000 square feet in Phase II to meet growing demand.

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Cornerstone Commerce Center Phase I. Image courtesy of VanTrust Real Estate

Cornerstone Commerce Center is located less than half a mile north of the intersection of Interstate 10 and Ackerman Road, with direct access to Ackerman Road. The center will also have direct connection to Interstates 410 and 10, giving tenants the ability to easily travel across San Antonio and to the growing Houston market. The location will also offer 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 for the property.

Growing market

Chris McCluskey, vice president at Kansas City, Mo.,-based VanTrust, said in a prepared statement 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. McCluskey said the Cornerstone Commerce Center will offer San Antonio and the booming northeast corridor the space it needs to deliver during this heightened demand.

San Antonio saw historic industrial record growth in 2021, with a total absorption of more than 4.1 million square feet of space, according to CBRE. The northeast San Antonio corridor alone experienced a more than 3 million-square-foot total net absorption, and more than 1.5 million square feet of industrial space is already under construction, CBRE added.

Expanding portfolio

VanTrust’s news about the spec development in San Antonio at Cornerstone Commerce Center comes less than a week after the firm broke ground on Peoria Logistics Park, the largest Class A industrial park to be developed in the Peoria, Ariz., submarket. Phase I of the 150-acre project will feature a 157,000-square-foot, build-to-suit distribution center for Frito Lay. The center will eventually have as many as eight buildings, with sizes ranging from 100,000 square feet to more than 600,000 square feet.

In the same week, Van Trust announced it was set to break ground on two speculative buildings in the company’s New Albany International Business Park in the Columbus, Ohio, area. The properties will be the 302,400-square-foot Innovation II and 524,500-square-foot New Albany 525.

Several weeks ago, the full-service commercial real estate development firm broke ground on a 44-acre spec project in Northeast Tulsa, Oklahoma. Tulasi Commerce Park will have a 231,130-square-foot, rear-load building and a 453,486-square-foot cross-dock building.