San Antonio developer Koontz Corp. has sold the first phase of its West Side industrial property to a subsidiary of a Fortune 500 company.
Chicago-based investment group Nuveen Real Estate acquired Westport Industrial Park at 438 S. Callaghan Road in an all-cash deal. Nuveen is owned by Teachers Insurance and Annuity Association of America, which manages educators’ retirement savings.
Terms were not disclosed but the park is valued at $16.5 million, according to the Bexar County Appraisal District…