DALLAS, April 6, 2018 /PRNewswire/ — Colony Industrial announced today that it has acquired Enterprise Industrial Park in San Antonio, TX for $52.1 million. Colony Industrial is the industrial platform of Colony NorthStar (NYSE: CLNS), a diversified global real estate investment firm with $43 billion of assets under management.
Enterprise Industrial Park, located at 17745 Lookout Road, is a two building, Class A light industrial complex totaling 639,797 square feet. The buildings are currently 88% leased to nine high-quality tenants with a weighted average lease term remaining of 5.3 years. The property is conveniently located within one mile of a full-diamond interchange of Interstate 35, the city’s major North-South interstate highway.