Fort Capital has acquired Blossom Business Park, an eight-building, Class B industrial complex at 12005 Starcrest Drive just north of the San Antonio airport. It's the Fort Worth-based industrial investment firm's third property in the area and is the largest at 465,000 square feet.
It's yet another sign of the strength of the local industrial market, which is garnering attention from investors around the country. A purchase price wasn't disclosed, but the most recent Bexar County appraisal puts the value of the site at $9.75 million, according to county clerk records. The park was acquired from Los Angeles real estate investment firm Forester Properties Inc., which had owned the property since 2017.
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