News & Press

San Antonio retail center purchased for investment

San Antonio retail center purchased for investment

SAN ANTONIO—Weitzman, representing a Florida-based investment partnership, has sold Stonehue Shopping Center, a 21,004-square-foot neighborhood center located at 20323 Huebner Road, for an undisclosed price. The purchaser was a local investment group.

Daniel Mitchell and Marcus Shaffer with Weitzman handled negotiations on behalf of the seller.

As leasing agents for Stonehue Shopping Center, the Weitzman team of Shaffer and Mitchell took the center from approximately 22 percent vacant to fully occupied. The tenant mix includes Jersey Mike’s, India Tai Palace, Guero’s Taco Diner, Austin Driving School, Pizza Hut and several others. Stonehue Shopping Center benefits from its prime location in the heart of the Stone Oak trade, with nearly 75,000 people and average household incomes of more than $125,000 within a three-mile radius.

Weitzman continues to handle leasing of the center under the new ownership.