Hines to Develop Corner Ridge Crossing in San Antonio

(SAN ANTONIO) – Hines, the international real estate firm, announced today that it will develop Corner Ridge Crossing, a master-planned, four-building, 576,800-square-foot light industrial business park in northeast San Antonio. The 45-acre property is located within Cornerstone Industrial Park and features direct access to Ackerman Road, less than one mile north of a full interchange on I-10.

Corner Ridge Crossing will be Hines’ first industrial project in San Antonio, and groundbreaking is anticipated in July with completion in the second quarter of 2020.

“We are big believers in San Antonio’s growth story and feel that it is more relevant to the supply chain today than it has ever been,” commented Laura Denkler, Hines director. “The location at Cornerstone is ideal for users who need to efficiently serve the greater San Antonio area, in addition to Austin, Houston, and population centers in between. The direct access to both 410 and I-10, the proximity to population and affordable labor, and the customer focus and attention to building quality that Hines has built its reputation on, will lead to a very successful project.”

Corner Ridge Crossing will feature two rear-load buildings totaling 198,000 square feet, one 127,000-square-foot front-load building and one 252,000-square-foot cross dock building. The park will have direct access to a full I-10 interchange via Ackerman Road and to loop 410 via Cornerway Boulevard and feature Class A building characteristics including 28’-32’ clear height, ample car and trailer parking, and two points of ingress/egress. Corner Ridge Crossing will be able to accommodate tenants ranging in size from 19,000 square feet to 252,000 square feet. 

Corner Ridge Crossing will have space available beginning in Q1 2020 and is exclusively represented for leasing by Roger Hill and Kyle Mueller of JLL.

“Record population growth across Central Texas, paired with the logistical advantages of being able to reach all of the major Texas metros and the Mexican border in under four hours, point toward San Antonio emerging as an industrial hot spot,” said Roger C. Hill III, senior vice president at JLL. “Corner Ridge Crossing will be perfectly positioned to capitalize on these dynamics. The variety of building sizes, as well as configurations, will allow Corner Ridge Crossing to fulfill the real estate needs for a wide range of businesses. We are excited to have the opportunity to market the project and to team with such a highly regarded company such as Hines.”

About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 91,000 as of March 31, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com

About Hines
Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 214 cities in 24 countries. Hines has approximately $120.6 billion of assets under management, including $66.5 billion for which Hines provides fiduciary investment management services, and $54.1 billion for which Hines provides third-party property-level services. The firm has 128 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,348 properties, totaling over 444 million square feet. The firm’s current property and asset management portfolio includes 512 properties, representing over 223 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information.

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