Development-ready industrial property in prime location a unique find
Rockspring Capital, a privately-owned real estate investment firm based in Houston, today announced the acquisition of a 121-acre industrial, development-ready site in Seguin, Texas.
The property is located off of I-10 E, east of San Antonio and south of New Braunfels, between a Caterpillar engine plant and Caterpillar general supplier, a few miles from the new SH 130 toll road.
“In the 40 plus years that Rockspring Capital has been making land deals, we have developed strong relationships with land owners because we purchase with all cash, and because we do business the right way,” said Jim McAlister IV, President and CEO of Rockspring Capital. “We often get the first call from motivated sellers because of our successful history of closing. This helps us to make quality purchases, such as this property in Seguin, on behalf of our investment partners.”
The site can accommodate a large industrial user or two or three smaller facilities. McAlister added, “This property is development-ready and has close access to two main corridors. This is truly a unique find.”
Rockspring continues its market momentum as this is the third purchase it has made this year. The company acquired a 7.6-acre site in Northwest San Antonio and a 22.52-acre property in Austin in 2014’s first quarter.
About Rockspring Capital
Rockspring Capital is a Houston-based real estate investment firm with a history of investing since 1973, whose strategy is to acquire opportunistic land parcels and residential lots in high growth areas. It also makes special situation bridge loan and note purchases on land-related assets. Rockspring Capital acquires with all cash in markets within the “Texas Triangle” – Houston, Austin, San Antonio and Dallas/Ft. Worth.