San Antonio

RioCan Awards Leasing Assignment of 1 Million Square Feet to UCR

Posted on 2.26.14 by Valerie Maniscalco in Uncategorized

SAN ANTONIO, Texas, February 26, 2014 – UCR,  a leading retail real estate service provider, today announced it was recently awarded the assignments to list over 1,000,000 sf of retail space owned and managed by RioCan Real Estate Investment Trust.

UCR was selected to lease the 140,000 square foot retail center, Arbor Park, located at US 281 and Henderson Pass. Arbor Park is situated in a prime location at one of the region’s most highly visible intersections, Loop 1604 and US 281. The center is home to retailers including Michael’s, OfficeMax, Ross and Sprouts Farmers Markets. UCR’s Guyla Sineni, Managing Partner, and Craig Garansuay, Partner, market the property.

The new assignment comes in addition to the continued listing of the 900,000 square foot Alamo Ranch retail center at Loop 1604 and Culebra on San Antonio’s west side. RioCan recently acquired the Alamo Ranch retail center as part of its portfolio. UCR has been a part of the Alamo Ranch project since its development phase and continues to successfully market the center. UCR’s long standing presence in the commercial real estate community and knowledge of the local San Antonio market was instrumental in maintaining the assignment for Alamo Ranch and being awarded the Arbor Park listing. UCR’s Guyla Sineni, Managing Partner, and Craig Garansuay, Partner, market both the properties.

The RioCan Real Estate Investment Trust is headquartered in Toronto Canada with regional offices in New Jersey and Texas. RioCan owns and manages Canada’s largest national portfolio of shopping centres with ownership interests in a portfolio of 340 retail properties containing approximately 82 million square feet, including 47 grocery anchored and new format retail centres containing 13 million square feet in the United States (as at December 31, 2013).

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AT&T is Coming to Bandera Trails

Posted on 2.25.14 by Jeanne Peterson in Uncategorized

SAN ANTONIO, Texas, February 25, 2014 – UCR,  a leading retail real estate service provider, today announced it has leased the former Blockbuster location at Bandera Trails Shopping Center to Prime Communications, an AT&T Authorized Retailer. UCR’s Jonathan Haag represented the landlord, while UCR’s Chris Mueller represented Prime Communications.

Bandera Trails is located near Loop 1604 and Bandera Road in Helotes, on the far northwest side of San Antonio. The 30,000 square foot center provides shadow retail to major traffic generators including Gold’s Gym and Home Depot and is home to retailers including Aqua Tots, Domino’s, and The UPS Store.

AT&T is the highest ranked wireless provider in the nation for customer service according to J.D. Power and provides wireless service to over 107 million subscribers across the world.


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UCR Selected to Market Far North San Antonio Retail Center

Posted on 4.4.13 in Uncategorized

SAN ANTONIO, Texas, April 04, 2013 – UCR San Antonio announces that it has been awarded the leasing and sale assignment for the 54,000 square foot retail center The Shops at Overlook in San Antonio, Texas. UCR San Antonio’s Mike Garansuay and Evan Ketabchi will provide real estate services for the center located at the intersection of Canyon Golf Road and Overlook Pkwy.

The retail/office center is situated in the heart of Stone Oak, the master-planned community in North San Antonio. The location offers easy access to US 281 and Loop 1604. Area retailers include Super Target, H-E-Bplus!, Hobby Lobby, DSW, Alamo Drafthouse Cinema, BJ’s Brewhouse and many other notable retailers. Tenants in the center include Anytime Fitness, Domino’s, Slater White, Kumon Learning and Lemon Tree Dental.

UCR was selected to provide property management services for the retail center.

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New Generation, New Opportunities, New Ventures

Posted on 4.10.09 in Uncategorized

SAN ANTONIO, Texas, April 10, 2009 – For UCR, life gets better and better. Not only did UCR welcome Michael Jersin and Warren Richardson to UCR on April 1st, but in addition, HPI Real Estate Management, Inc. (HPI) and UCR are announcing a strategic alliance. The relationship will allow HPI to focus on development and management of their portfolio, while securing UCR as the exclusive leasing agent for their properties in San Antonio.

Jersin, the one-time protégé and now seasoned broker returned to UCR in a new role, as President, COO and Partner. Tom Sineni, current President of UCR, hands over the reins as part of a strategic plan to transition the company into the next generation of commercial real estate providers. Sineni and his other partners viewed UCR’s recent 15th anniversary as the perfect segue to “pass the torch” to the brokers who are the company’s future. Sineni feels strongly that Jersin’s return was the ideal opportunity, both in terms of the candidate and timing. Sineni remains with the firm and continues as CEO, Partner and head of the Investment Sales Division.

Jersin states, “I started my real estate career at UCR; they trained me to be a real estate professional, and I left on a four year journey where I gained invaluable experience during my time with HPI. And now I feel that I am returning to UCR better equipped as a leader.”

UCR also welcomed Warren Richardson, its newest associate to the retail division. Richardson brings experience in both tenant representation and collaborative leasing with Michael Jersin of such high-profile shopping centers as Park North and Gateway Plaza.

Of Richardson, Jersin says,
“I am extremely pleased to have Warren join us at UCR. He has a solid foundation and his work ethic, integrity, and production align with UCR’s core values. Warren has proven himself as a strong producer.”

“I’m looking forward to working with Michael and Warren as we move UCR into the next generation,” states Guyla Sineni, Executive Vice President and a founding partner of the firm, and who originally trained Jersin.

One of the first assignments for Jersin and Richardson is to assemble a team of UCR brokers to assist them in handling the leasing for HPI Real Estate Management, Inc.’s 2.5 million square foot portfolio, including such high-profile retail centers as Park North, Hill Country Plaza, Centerview Marketplace and Gateway Plaza.

UCR will also be leasing Brooks City Base Landing, a development by HPI, now owned and asset managed by Prudential. As noted by HPI partners Kent Lance and Mark Granados, UCR has a team of retail brokers ensuring the portfolio is getting the depth of coverage and focus that is required to be successful. Second, this alliance provides the ability to jointly provide the most comprehensive, efficient and effective service by aligning the strongest leasing and management teams. The HPI portfolio will complement UCR’s current portfolio which includes such premiere properties in the San Antonio market as the 900,000 sf Alamo Ranch, the 1.2 million sf Forum at Olympia Parkway, and the 420,000 sf H-E-Bplus! anchored McCreless Market.

“By combining the two retail leasing programs, you get the largest retail platform in the city — which is more attractive to other third-party owners,” Granados adds. “And it provides the leasing team greater opportunities to cross-market their tenants, which provides more attraction when soliciting new tenant-representative business.”

HPI is currently the largest local retail property management firm, managing approximately 2.5 million square feet of space in San Antonio; all totaled, HPI manages over 10 million square feet in Central Texas. HPI Real Estate Services & Investments was co-founded 16 years ago in Austin, Texas by commercial real estate industry veterans Richard Hill, Dick Anderson and D. Kent Lance. HPI offers a comprehensive set of commercial real estate services, designed to deliver the highest value to their clients with an exceptional level of customer service. As a regional leader in the industry, HPI currently manages a Central Texas portfolio of more than 10 million square feet, with 2.5 million square feet in San Antonio, and another $700 million in projects under development.

UCR leases more than 30 million square feet of retail space in Texas, with over 10 million square feet in San Antonio. The firm has a reputation of keeping its properties well leased. In addition, UCR utilizes the nationwide ChainLinks partnership, which provides unique access to leads, relationships, and deal flow in San Antonio.

With Jersin and Richardson joining the ranks alongside UCR’s stellar line-up of partners including Charles Hoyer, Guyla Sineni and Craig Garansuay, and the existing roster of motivated and productive brokers, the firm has positioned itself solidly to transition to the subsequent generation.

“UCR’s platform of services to their real estate clients will be further elevated with Michael Jersin at the helm,” says Mike Gribble, also a founding partner of the firm.

The UCR team offers expertise in retail, office, industrial and investment sales and project and tenant representation as well as surplus disposition and asset and property management. The firm continues to offer its clients the stability of experience and the vitality of youth in its endeavors. The melding of these generations and ideas has created a rich heritage that has enabled UCR to consistently create extraordinary results for users, developers and owners. UCR looks forward to pursuing new relationships and opportunities arising in South Texas and beyond.

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Alamo Ranch: San Antonio’s Stability and Momentum

Posted on 7.16.08 in Uncategorized

SAN ANTONIO, Texas, July 16, 2008 – Two years of hard work are coming to fruition for the developers and leasing agents of Alamo Ranch retail center. On July 30th, Archon and United Commercial Realty will mark the occasion with a ceremonial ribbon-cutting celebrating not only the completion of the majority of construction and the retailers opening their doors, but the individuals throughout the city of San Antonio who assisted in making this retail center a reality.

With much of the nation experiencing the gloom and doom mentality regarding the residential housing market crisis, fear of rising gas prices and a faltering economy; San Antonio remains a bright spot. Here in San Antonio median home prices continue to rise at a moderate rate and as of May were estimated at $155,100. Affordable housing and reasonable cost of living buoyed by the resilient economy have led to San Antonio’s standing as a desirable place to live, work, invest and play. Forbes has ranked San Antonio the number “2” recession proof city in the nation and in a recent report released in June, the US Census Bureau ranked San Antonio among the Top 10 cities in the nation for population growth. The local economy continues to grow as well, with more opportunities pouring into the city through such high-profile projects as the $550 million Microsoft data center, the BRAC military initiative bringing in more than $2 billion in construction, jobs and up to 17,000 new residents to San Antonio, in addition to what the bioscience and medical industries provide.

The 950,000 square foot Alamo Ranch retail center, located on the popular west side of San Antonio at Loop 1604 and Culebra; is a direct result of San Antonio’s stable and diverse economy, forward-thinking local government, willing investors, the knowledge and experience of the leasing agents and a unique opportunity for growth and expansion on the city’s West Side. The Alamo Ranch trade area has experienced the majority of the city’s home building during the past three years with the expectation that over half of the city’s homes, conservatively estimated at 60,000 houses, would be built on the West Side over the course of two decades. Additionally forecasters anticipate that the trade area will serve over 260,000 people by 2012 and has a current daytime population of over 75,000. Just shy of one (1) million square feet, Alamo Ranch will clearly be the dominant retail center in the trade area.

Over 60,000 employees are located or will be locating within the immediate vicinity of the Alamo Ranch trade area. Major employers in the area include Wachovia, JPMorgan Chase, QVC, Sea World, SwRI, the National Security Agency (NSA), the Lowe’s call center, the future Microsoft data center currently under construction that will bring 75 white collar jobs to the area, and the future Methodist Hospital planned across from the Alamo Ranch retail center. The abundance of jobs has generated the growth and desire for more homes. Alamo Ranch retail center is meeting the needs of these residents, thanks to the leasing expertise and proficiency of Guyla Sineni and Nick Altomare of UCR, by providing access to national anchor tenants such as Super Target, Best Buy, Office Max, PETsMART and the highly anticipated Dick’s Sporting Goods; a new retailer to San Antonio market. Best Buy, Office Max, PETsMART and Mattress Firm (the company’s 500th location) have already opened their doors; receiving an excellent response from the community. Super Target, Books-A-Million, JC Penney, and many other stores are scheduled to open by the end of the month.

San Antonio’s retail sector continues to forecast positive growth for the year with consistent vacancy rates and in-line projections for the five-year average for new development. According to Kim Gatley, the sector also has much to celebrate with 4.7 million square feet of retail currently under construction scheduled for completion in 2008. Alamo Ranch is a part of that energy, driving San Antonio’s status to new peaks.

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