SAN ANTONIO, TX – Cassidy Turley, a leading commercial real estate services provider in the U.S., announces that MJG Properties, Ltd., purchased the ground leased investment of a 2,738-square-feet retail pad located at 12311 Nacogdoches Rd., in the Northern Hills area of San Antonio, Texas, for $1.75 million. The property is the site of a brand new Whattaburger fast food restaurant, which opened for business last month.
Cassidy Turley’s Ed Colson Jr., CCIM and Michael Campbell represented the seller, PRA/GFR Nacogdoches, L.P. MJG Properties, Ltd. was represented by P.J. Pfeiffer of Birnbaum Property Co.
“Whataburger is a popular national retail chain with numerous locations throughout the greater San Antonio area,” said Mr. Colson. “The pad’s location in a retail center that is anchored by a brand new Super Wal Mart and Gold’s Gym will provide tremendous visibility and traffic for Whattaburger.”
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 4,000 professionals in more than 60 offices nationwide. With headquarters in Washington, DC, the company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $25.8 billion in 2013, manages approximately 400 million square feet on behalf of institutional, corporate and private clients and supports more than 24,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information about Cassidy Turley.