Aug 08, 2023

Rising Realty Partners Acquires First Industrial Property in San Antonio

Rising Realty Partners announced today that it has partnered with a global manager of alternative investments to acquire Blossom Business Park, a multi-tenant industrial park in San Antonio, Texas. The property is RRP’s second light industrial acquisition in Texas and the largest industrial property within the company’s portfolio.

Set across 19.4 acres, Blossom Business Park consists of six buildings totaling 302,851 sf of space built between 1983 and 1987. The property is 90 percent leased.

“The long term stable occupancy and significant upside potential makes Blossom Business Park an attractive investment with investment grade tenants likely to benefit from our hands-on management,” said Scott Hahn, Vice President of Industrial Investments of RRP. “This property has a prime location and access within the premier North Central / Airport submarket and is ideally positioned as a last mile facility appealing to a wide range of users seeking high-quality and functional space.”

Blossom Business Park features ground level and dock high loading units and is bounded by the International Airport and access off Wurzbach Parkway to I-35, I-410 and Loop 1604.

RRP announced the expansion of its investment platform to include industrial sector acquisitions in 2020. Blossom Business Park is RRP’s seventh industrial asset acquired since the first quarter of 2021.

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