SAN ANTONIO – A San Antonio mall has hit the real estate market.
Ingram Park Mall has two parcels of the 1.1 million-square-foot property up for sale, according to a listing by real estate firm CBRE. The listing covers 22.92 acres of the overall 83.57-acre complex. The real estate firm has not disclosed a price for the property.
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The San Antonio Business Journal first reported the news on Friday afternoon.
The mall is located on the Northwest Side at 6301 NW Loop 410. The 375,044-square-foot retail space has an assessed value of $70.87 million, according to SABJ and Bexar Appraisal District records.
CBRE’s website highlights the mall as having new renters in an empty anchor space that offers “several significant value-add opportunities.”
Most of the mall is owned by anchor retailers like Dillard’s or Macy’s. Ingram Park Mall is 88.8% leased, CBRE said.
According to SABJ, the mall was developed by Simon Property Group in 1979. Fast-forward to 2021, and the mall now leads with a Morgan Stanley affiliate, which bid for the property during the foreclosure auction for $100.7 million.