The retail center has a mix of office and retail space, housing tenants like Poco Loco Supermercado and Social Security Administration. With this acquisition, Subtle Asset Management has plans to:
- Enhance occupancy
- Increase foot traffic
- Improve tenant satisfaction
- Strengthen community
Partners Capital, an investment platform of Partners Real Estate, announced the disposition of the 73,882-square-foot retail center on Nov. 11.
Partners is a privately-held and independently-owned commercial real estate firm. The firm specializes in acquisitions and dispositions of office, industrial and retail properties.
Partners Capital acquired the 73,882-square-foot shopping center in June 2018 as part of Partners Opportunity Fund II, according to a news release.
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Norman Padilla, a spokesperson for Subtle Asset Management, said the acquisition reaffirms the company’s dedication to enhancing the San Marcos community.
“We are committed to investing in high-quality commercial properties that bring value to tenants and offer sustained growth potential within the thriving San Antonio-Austin metroplex,” Padilla said in a news release.
