North Star Village LLC

7400 San Pedro, San Antonio, Texas 78216

The Siegel Group acquired 173,000 square foot commercial shopping center located in San Antonio, Texas in a distress sale due to anchor tenant vacating and poor management. Completed a large scale renovation to the exterior of the property followed by a substantial re-tenanting focusing on stabilizing operations with strong local businesses and national commercial credit tenants.

 

Notable improvements and enhancements to the property included:

  • Complete update to the fa├žade of property and multiple standalone pads that included new paint, stone veneer enhancements, new elevation designs, upgrades to landscaping and exterior lighting, new roofs, parking lot improvements and a new marquee monument sign
  • Reconfigured retail spaces to maximize leasing potential
  • Secured national commercial credit tenants including Ross Dress for Less, Wachovia Bank, Chase Bank and O’Reilly Auto Parts
  • Increased occupancy from 40% at acquisition to 93% when exiting the project