Koontz Corp. has completed the sale of Phase I at Westport Industrial Park to Nuveen Real Estate, marking an investment trade involving a recently delivered warehouse project in west San Antonio. JLL acted as intermediary on the transaction, representing both the buyer and the seller. The disposition centers on a two-building industrial complex completed in 2023 and positioned at the intersection of South Callaghan Road and Texas Highway 151.
The first phase consists of a pair of rear-load industrial buildings, each totaling 93,600 square feet, for a combined 187,200 square feet of warehouse space on roughly 17 acres. Delivered in 2023, the facilities were brought to market with a configuration aimed at serving a range of light industrial and distribution users. Koontz has indicated that Phase I also incorporates additional trailer parking, a feature the company views as a differentiator relative to larger-format industrial projects in the area.
Koontz is retaining ownership of the adjacent Phase II site, which spans another 17 acres next to the existing buildings. The second phase is planned to mirror Phase I with two more 93,600-square-foot rear-load buildings, again emphasizing flexible industrial footprints. Delivery of Phase II is expected in the fourth quarter of 2027, extending the build-out of Westport Industrial Park while maintaining consistent design and functionality across all four structures.
The company has targeted tenants requiring between 25,000 and 50,000 square feet, aligning the building layout with demand from mid-sized industrial users rather than very large single-tenant occupiers. According to Koontz, the smaller building configuration, together with the enhanced trailer parking capacity, has positioned Westport Industrial Park as an alternative to bulk distribution facilities, with an emphasis on operational flexibility for multiple occupiers.
Leasing momentum has supported this strategy. Prior to the sale of Phase I, the development recorded more than 72,000 square feet of new lease commitments with Primo Brands and Texas Wilson. These recent transactions contributed to an overall occupancy rate of 79% across the project. The tenant roster also includes Farsound Aviation and Southern Glazer’s Wine & Spirits, adding a mix of aviation-related and beverage distribution users to the park.
The combination of a stabilized, recently delivered industrial asset, diversified tenancy, and the potential for a follow-on phase under Koontz’s ownership frames Westport Industrial Park as an example of ongoing investor interest in modern logistics and industrial facilities in the San Antonio market. With Phase I now in Nuveen Real Estate’s portfolio and Phase II scheduled for delivery in late 2027, the project illustrates the handoff from local development to institutional ownership while the broader campus continues to build out.
