EastGroup enters San Antonio market

EastGroup Properties acquired the 253,000-square-foot Alamo Downs Distribution Center in San Antonio, Texas.

The value of the transaction was $8.4 million.

Alamo Downs is a two-building, business distribution complex, which was constructed in two phases in 1986 and 2002.

At the time of sale, it was 59 percent leased to seven tenants.

EastGroup Properties Inc. (NYSE:EGP) is a self-administered equity real estate investment trust focused on the acquisition, ownership and development of industrial properties in major Sunbelt markets throughout the United States.

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