World Class acquires San Antonio shopping center
World Class Capital Group LLC (WCCG) announced its acquisition of retail center Culebra Crossing. The financial terms of the transaction were not disclosed, according to 4 Traders.
Culebra Crossing is a 141.000 square foot shopping center in San Antonio, Texas. The establishment is the major source of retail activity in the area. At present, the retail center is 93% occupied. It is anchored by Family Dollar and WellMed. The acquisition included vacant pad sites that can be developed in the future, the report detailed.
WCCG is a national real estate investment firm based in Austin, Texas. The company currently owns and operates real estate assets across 12 states and 25 markets. The investment firm primarily targets acquisition of undervalued or complex real estate assets with potential to create value. WCCG is also an active buyer of real estate debt. The company's portfolio includes investments in retail, office, multifamily, land, self-storage, and industrial markets, 4 Traders reported.