San Antonio Investment Links

EastGroup buys fourth property in San Antonio
San Antonio Business Journal - March 5, 2007

EastGroup Properties Inc. has bought the Fairgrounds Business Park for $10.55 million. The properties consist of four building totaling 231,000 square feet of space. The buildings were built in 1985 and 1986 and are one component of the master-planned Alamo Downs Business Park. These properties are currently 80 percent leased to six tenants.

"The acquisition of Fairgrounds Business Park is EastGroup's fourth investment in San Antonio and increases our ownership to 1,375,000 square feet including two properties under development," EastGroup President and CEO David H. Hoster II says.

"Fairgrounds is in the northwest submarket of San Antonio and complements our Alamo Downs Distribution Center which is in the same business park," he says.
The Alamo Downs Distribution Center consists of 253,000 square feet of space and is 100 percent leased.

Jackson, Miss.-based EastGroup Properties (NYSE: EGP) is an equity real-estate investment trust that focuses on development, acquisition and operation of industrial properties in California, Florida, Texas and Arizona.

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