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San Antonio’s retail real estate market shows promising 2022 debut

Property:

Category: Property News

Date: March 02, 2022

San Antonio retail made notable progress in the first month of 2022, showing the local market is on a hot path if trends continue to stay steady through the new year.

NAI highlighted the notability of two tenants — Fitness Connection, a budget gym chain, and another undisclosed tenant —taking over the 141,606-square-foot former Sears location in South Park Mall.

The management firm behind the mall told the Business Journal it expects more business in non-traditional real estate interest as wealth creation remains concentrated in other areas of San Antonio.

“We’ve seen more of an uptick in non-traditional retail experiences, especially in centrally located destination hubs such as South Park Mall,” said Igal Nassim, director of leasing at Mason Asset Management in a statement to the Business Journal earlier this month.

To read more, please visit San Antonio Business Journal.

South Park Mall welcomes new tenant amid other expected changes

Property:

Category: Store Openings

Date: December 06, 2021

A new discount department store is the first permanent tenant to be added to South Park Mall’s retail portfolio this year as mall management looks ahead to further retail growth in 2022.

Shopper’s World opened its first Alamo City location on Nov. 23. South Park Mall General Manager Christina Crouch said the new chain, operated by SW Group, is the first tenant of 2021 that isn’t a temporary lessee.

“We believe there are going to be a couple new changes happening in 2022. We are going to be expecting some lease openings.”

To read more, please visit San Antonio Business Journal.