UCR Closes on Sale of Isom Road Property

SAN ANTONIO, Texas, March 11, 2005 – United Commercial Realty San Antonio, a commercial real estate brokerage firm, recently represented Lazarus Property Corporation in the sale of a 3.1-acre tract of land located at Isom Rd. and San Pedro Avenue. The property, an excess piece of undeveloped land located directly behind La Plaza Del Norte Shopping Center, was purchased by San Antonio investor John Erwin and closed on December 31, 2004.

In addition to representing Lazarus Property Corp., UCR president and principal, Tom Sineni and vice president and principal, Charles Hoyer, are currently working with the buyer John Erwin in an effort to market the property to tenants interested in moving into the exceptionally popular area of San Antonio.

“Due to this property’s ideal location and close proximity to the freeway, airport, shopping and dining entities, the Isom Rd. tract is best suited for office use,” says Sineni. “UCR represents the seller, long-time client Sam Ware of Lazarus Property Corp. based in Dallas, Texas, and we look forward to representing the new owner, John Erwin, in securing a tenant to occupy office space in this extraordinary part of the City,” he adds.

Sineni and Hoyer will continue working on behalf of the property’s investor to identify the ideal build-to-suit tenant. “Although the property has been sold, our work here is not finished,” said Hoyer. “Our efforts will continue for as long as it may take to secure a tenant that will enhance the property through its build-to-suit and development requirements,” he adds.


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