- Thursday, December 3, 2015
A'GACI Distribution Facility Under Construction with Seefried Industrial Properties
A'GACI, a women's clothing retailer based in San Antonio, Texas, has selected Seefried Industrial Properties as the developer for its distribution center, which is currently under construction. The project is expected to complete by the end of June 2016.
The 283,808-square-foot build-to-suit-project is located off of Fischer Road at the I-35 and Loop 410 intersection in San Antonio. The project sits on approximately 20 acres and provides easy access to San Antonioā€™s extensive highway system, allowing for distribution across the state of Texas.
The distribution facility, a $10 million development, will include a concrete tilt-wall and truck court, steel-framed roof system and a finished office/warehouse interior. The project will initially create approximately 150 jobs.
"In an economy that is seeing an increasing number of retailers scaling back their real estate efforts, we are pleased to be involved in this A'GACI project,"¯ said Jonathan Stites, senior vice president of the Texas region for Seefried Industrial Properties. "The partnership between Seefried, USAA Real Estate Company, Pross Design Group Inc. and, of course, A'GACI, has been exceedingly successful thus far."¯
Stites and Douglas Otte make up the Seefried team on the project. USAA Real Estate Company is the owner and Pross Design Group Inc. is the lead architect.
About Seefried Industrial Properties
Seefried Industrial Properties was founded in 1984 by Ferdinand Seefried and is still 100 percent privately owned today. Seefried focuses on industrial development in core markets and build-to-suits with corporate tenants and users in first and second-tier markets. It leases and manages approximately 23 million square feet for its institutional and European clients. Seefried's development, construction, leasing, property management and accounting teams firmly believe that client relationships are solidly built on trust and further developed by each individual experience. Seefried is based in Atlanta, with regional offices in Los Angeles, Dallas/Fort Worth, Chicago and Phoenix. About USAA Real Estate Company
USAA Real Estate Company, with approximately $12 billion in assets under management, provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors. The USAA portfolio consists of office, industrial, multi-family, retail and hotel properties as well as investments in real estate operating companies. USAA Real Estate Company is a subsidiary of USAA, a leading financial services company, serving military families since 1922. For more information, visit www.usrealco.com