A fitness facility on the city’s North Central Side has a new owner.
Late last month, the YMCA of Greater San Antonio closed on the purchase of the former Triton Sports Center — a tennis/fitness facility spanning a little over 62,000 square feet at 2263 Thousand Oaks Drive.
The new YMCA property will include all of the fitness amenities that were part of Triton — including 12 tennis courts; three swimming pools, an indoor, outdoor and a children’s pool; and five racquetball courts.
Throughout the purchase process, the club has remained open, according to Sandy Morander, president and CEO of the local YMCA chapter, which acquired the Triton facility out of receivership.
As for improvements to the property, work is already underway on a new parking lot. That project is slated to be completed this spring, Morander says. The YMCA will also begin improvements to the facility’s indoor pool during the first half of 2012.
Counting the new Thousand Oaks facility, the YMCA now has 11 fitness facilities in the greater San Antonio area.
“We look for areas where we are currently not serving — or not serving well — the community,” says Morander.
The amenities of the former Triton facility were certainly a plus as well, says Morander, who adds that the newest YMCA facility will have a “unique place in the market with its family services."
The list of YMCA locations includes a couple of properties that the YMCA purchased and then redeveloped. The center at 3223 St. Mary’s near downtown, and the facility at 5538 Walzem, for example, were originally Albertson’s grocery stores.
“We like being able to take a property that is not being used to its fullest potential to better serve the community,” Morander says.
The Thousand Oaks site will also prove a key marketing tool in the re-branding efforts taking place among the YMCA chapters throughout the country — given it will be the first San Antonio facility to boast the new brand.
Going forward, the organization will be known as “The Y” — the very moniker that many people already use in reference to the organization. But now, after more than four decades, the YMCA is embracing “The Y” as its trademarked name.
The new logo is more contemporary and better reflects the vibrancy of the Y and the diversity of the communities it serves, Morander says.
The national organization, Chicago-based YMCA of the USA, began rolling out the new logo in 2010. Individual chapters have until December 2014 to re-brand all of their facilities, Morander explains.
So over the next two years, be on the lookout for other YMCA centers here to become “The Y.”
It’s a new year and a new assignment for the local office of Stream Realty Partners LP.
Dallas-based Mayfield Properties has tapped Stream Realty to oversee the leasing and management of the Lanark Distribution Center. The property is located at 610 Lanark in Northeast San Antonio.
Jason Schnittger, senior vice president, and Michael Flowers, an associate with Stream Realty, will lead the leasing team. The property is currently 41 percent occupied — with a total of 150,000 square feet of available space.
“We look forward to securing significant leases for our new client,” Schnittger says. “We are excited to increase occupancy in the project.”
Mayfield purchased the property this past spring — the first acquisition in a city that has been on the firm’s radar for some time, according to Jim Jones, a co-founder of Mayfield. Jones spoke with the Business Journal about the acquisition back in May.
“We like the dynamics of the San Antonio market,” Jones said. “We like the mid- to smaller-tenant type market.”
The Lanark distribution center, he added, represented a “good opportunity to acquire a sizeable (piece) of Class B warehouse in San Antonio.”
Speaking of acquisitions, Kim and Peter Tran have purchased a 6,427-square-foot retail center at 6620 FM 78, along the southwest quadrant of FM 78 and Foster Road in Northeast San Antonio. Joe Linsalata of Austin-based Linsalata Realty Services represented the buyer in the deal. Dick McCaleb of RFM Commercial represented the owner. The purchase was financed by Chase Bank of Austin.
Columbus, Ohio-based DSW Inc., a retailer of shoes and other accessories, recently announced plans to open between 35 and 40 new stores in 2012 — accelerating its original goal of opening 15 to 20 new stores a year.
The majority of new stores are expected to be opened during the second half of 2012, according to Mike MacDonald, president and CEO of DSW. Just days prior to DSW’s announcement, Dollar General announced that it planned to 625 new stores in 2012 — a rollout that would equate to 6,000 new jobs over the coming year.
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