News

Boston, MA – Intercontinental Real Estate Corporation (“Intercontinental”) a national real estate investment, development, and management firm headquartered in Boston, MA announced the acquisition of Artessa at Quarry Village in San Antonio, Texas. This acquisition was led by Steve Centrella, Senior Director, Acquisitions and Chris LaFrance, Associate Director, Acquisitions.

Artessa at Quarry Village is a Class A apartment building featuring 280 units and 70,692 square feet of retail space in San Antonio, Texas. The Property sits within the Alamo Heights submarket and benefits from quick access to downtown San Antonio and all suburban employment nodes. In addition to the close proximity of major employment centers and retail venues, residents can enjoy easy freeway access to Highway 281, the Interstate 410 “Loop” and Interstate 10 servicing attractions to the north such as the University of Texas at San Antonio, major employers, large-scale shopping centers and amusement parks.

Units are comprised of one-, two-, and three-bedroom layouts and feature private terraces, double vanities, walk-in closets, crown molding, wood flooring and granite countertops. Community amenities include four courtyards, two resort style pools, dining room, outdoor grills, wine tasting room with private wine lockers, bocce court, parking garage and building wide Wi-Fi.

Steve Centrella, Senior Director, Acquisitions commented, “Intercontinental is pleased to acquire this high-quality luxury mixed-use retail and apartment property known as Artessa at Quarry Village.  We consider this to be a best in class asset that plays into the suburban –urban node thesis within the highly acclaimed Alamo Heights neighborhood of San Antonio.”

Intercontinental Real Estate Corporation is an SEC registered investment adviser with deep expertise in real estate investment, finance, development, construction management and asset management. Since 1959, Intercontinental has managed, developed, and owned over $8 billion in real estate property. Today, Intercontinental owns and manages a portfolio in excess of $3.7 billion for its clients. Intercontinental balances its portfolio both by robust property mix and by geographic diversification, while actively seeking opportunities to invest in both core and core plus, as well as value-add development projects. Visit www.intercontinental.net for more information.

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