HOUSTON, November 7, 2019 – Rockspring Capital, a privately-owned real estate investment firm headquartered in Houston, today announced the sale of its 7.6-acre site in the rapidly-growing Westover Hills community in Northwest San Antonio.
Located on Rogers Road near Mt. Evans, the property neighbors the Chevron and Microsoft Data Center worksites and is minutes from highways 151 and 1604. The sale was made to an undisclosed buyer and marks the firm’s second close in San Antonio in less than a month.
“Our San Antonio real estate team continues to deliver great wins for our firm as the city, much like the bustling Westover Hills area, is a hotbed of real estate activity. Closing two San Antonio deals in a span of a few weeks reflects the lucrative development opportunities currently happening in the Alamo City as well as our management team’s ability to capitalize on them,” said Jim McAlister IV, President and CEO of Rockspring Capital. “As 2019 comes to a close, our deals are not slowing down as we plan to work with more property owners and developers to ramp up our portfolio going into 2020.”
Last month, Rockspring sold its 3.5-acre, mixed-used land tract located in downtown San Antonio near the Alamodome. The Rogers Road and Alamodome property deals were brokered by McAlister Real Estate’s George Herrera.
About Rockspring Capital
Rockspring Capital is a Houston-based real estate investment company with a history of investing since 1973. Its strategy is to acquire opportunistic real estate, land parcels and residential lots in high growth areas. It also makes special situation bridge loans, note purchases and covered land plays on real estate assets. Rockspring Capital acquires with all cash in markets within the “Texas Triangle” – Houston, Austin, San Antonio and Dallas/Ft. Worth.