4958 Stout Drive, San Antonio, Texas

9-building business park
180,000 square feet
Acquired in 2 transactions March and June 2018

Location: Spring Valley Road in Farmer’s Branch (Dallas), located between the Dallas North Tollway and the LBJ in an infill submarket that is experiencing tremendous growth and gentrification.

Strategy: Infill value add. The park has been undergone extensive upgrades including exterior paint, landscape enhancements, new signage, energy upgrades, repositioning of the tenancies and rent roll, and branding as “The SVB”. During the first 12 months of ownership SCCR has rolled 60% of the tenancies and has increased rents by over 40%.