Fifth Corner has acquired South Bank, a 46,704-square-foot, high-performing retail asset located on the San Antonio River Walk, the top tourism attraction in the state of Texas.
JLL Capital Markets marketed the property on behalf of the seller. Fifth Corner’s predecessor, AMREIT, owned this property from 2005 to 2015.
“After more than a decade of operating experience with South Bank on the San Antonio River Walk, we will maximize the value of this Irreplaceable Corner™ and make this stalwart even better,” said Tenel Tayar, co-founder and managing partner at Fifth Corner. “Our predecessor to Fifth Corner, AmREIT, acquired the property in 2005 and owned and operated it until the company sold in 2015. South Bank embodies the characteristics of an Irreplaceable CornerTM with its extremely high barriers to entry, strong tenant demand, and connection to the community. We are thrilled to own South Bank again and look forward to implementing our F
