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EastGroup Adds Business Distribution Buildings to Orlando and San Antonio Development Programs

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By Joel ScanlonJul 18 2011

EastGroup Properties, a self-administered equity real estate investment trust, has added new business distribution buildings to its development program. It has commenced the development of new buildings in San Antonio and Orlando.

The Thousand Oaks project is situated in San Antonio in EastGroup’s north central submarket. The company owns 1.2 million ft² in this submarket, of which 97% is leased. The project is estimated to cost $9,622,000. The Thousand Oaks I and II buildings will offer total multi-tenant space of 109,000 ft².

Southridge IX, a 76,000 ft² project is situated in the company’s Southridge Commerce Park. The project is estimated to cost $5,350,000 and is expected to be finished in the first-quarter of 2012. The company has developed 970,000 ft² in Southridge Park. The park is at present 100% leased.

The President and CEO of EastGroup Properties, David H. Hoster II, stated that the addition of the new buildings in San Antonio and Orlando reflected the success of the company’s assets in the submarkets. EastGroup’s development program had an estimated investment of $31.7 million with five buildings having an area of 411,000 ft², he added.

Source: http://www.eastgroup.net/

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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Scanlon, Joel. (2019, February 22). EastGroup Adds Business Distribution Buildings to Orlando and San Antonio Development Programs. AZoBuild. Retrieved on May 02, 2024 from https://www.azobuild.com/news.aspx?newsID=14217.
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Scanlon, Joel. "EastGroup Adds Business Distribution Buildings to Orlando and San Antonio Development Programs". AZoBuild. 02 May 2024. <https://www.azobuild.com/news.aspx?newsID=14217>.
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Scanlon, Joel. "EastGroup Adds Business Distribution Buildings to Orlando and San Antonio Development Programs". AZoBuild. https://www.azobuild.com/news.aspx?newsID=14217. (accessed May 02, 2024).
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Scanlon, Joel. 2019. EastGroup Adds Business Distribution Buildings to Orlando and San Antonio Development Programs. AZoBuild, viewed 02 May 2024, https://www.azobuild.com/news.aspx?newsID=14217.