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Rockspring Capital Secures Second and Third Land Acquisitions for this Year

Posted by: In: Newsletter 16 Jul 2014 Comments: 0

By Michael Ross, Senior Vice President, Asset Management & Entitlements

Real estate in Texas’ major markets continues to sizzle as our team closed two more major deals in the San Antonio area.   Earlier this year, Rockspring acquired a 7.6 acre property in Northwest San Antonio located on Rodgers Rd near Mt. Evans. This strategic location neighbors Chevron and Microsoft’s Data Center worksites, just moments away from busy highways 151 and 1604. There are many potential uses for the site, as Westover Hills has a growing demand for various services, such as office, data center, medical and multi-family. Rockspring Capital Secures Second and Third Properties for the Year_Michael Ross_Image 1 Rockspring also secured a 121-acre industrial property in Seguin, Texas, which is minutes from San Antonio. This property is also in an especially desirable location as it lies between a Caterpillar engine plant and general supplier off of I-10E, minutes away from the new SH 130 toll road. The property is development-ready, and can accommodate a large industrial user or two to three smaller facilities. Rockspring Capital Secures Second and Third Properties for the Year_Michael Ross_Image 2 These two properties in these expanding San Antonio regions help to diversify our portfolio because of their differences in size, locations and buyer options. With these two new properties, Rockspring looks forward to another successful year for our company and partners!   About the Author Michael Ross, Senior Vice President, Asset Management & Entitlements, is responsible for Texas land property acquisition and enhancement activities. He oversees all pre-acquisition due diligence and post-closing entitlement activities for the investment Funds.

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