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Ground broken last month; expected completion in December 2022

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NAI Partners named leasing agent for industrial landscape-altering project’s 639,595 sq. ft. of space

San Antonio, TX, April 12, 2022 – Oakmont Industrial Group today announced that its Oakmont 410 project—an industrial spec development in San Antonio—has broken ground, with an expected completion date of December 2022. Oakmont 410 will deliver 639,595 sq. ft of cross-dock space upon completion.

“With the San Antonio industrial market vacancy rate tightening all the way to just 4.6% as of the end of January, we’re excited to contribute to that economic growth with Oakmont’s first-ever project in the Alamo City,” said Tom Cobb, Oakmont’s Senior Vice President of Development. “We’ve long been bullish on Texas in general, and we anticipate Oakmont 410 will lease quickly given the continued high demand for warehouse product and distribution centers by retailers and logistics providers as they require quality space closer to consumers.”

Strategically located in Northeast San Antonio, advantages include frontage on I-410 Access Road which provides prospective tenants with excellent visibility and immediate access to I-410 North and South and I-10 East and West; access to the deep labor pool in the San Antonio metro area population of over 2.4 million; synergies with other corporate distribution neighbors including Amazon, HEB, XPO Logistics, McLane Foodservice, The Home Depot, and Dollar General; and operating in business-friendly San Antonio and Bexar County.

Upon completion, the property’s state-of-the-art features will include 40’ clear height; ESFR sprinkler; expandable office space; LED warehouse lighting; 56’ column spacing with 70’ staging bays; 5000 amp electrical service (expandable to 8000 amps); clerestory windows for natural lighting; 146 (9’ x 10’) dock high doors and 4 (14’ x 18’) grade level doors with drive-in ramps; significant on-site parking capacity (up to 334 trailer parking spaces and up to 406 auto parking spaces); and more.

Carlos Marquez, John Colglazier, Jr., and John Simons of NAI Partners—the commercial real estate services business of Partners Real Estate Company—are the exclusive leasing agents for Oakmont 410. Mr. Marquez, Mr. Colglazier, and Mr. Simons previously arranged the sale of the land parcel to Oakmont.

About Partners Real Estate Company

Partners Real Estate Company (“Partners”) is the holding company of real estate investment and development platform Partners Capital, and commercial real estate services firm NAI Partners. Partners is a diversified investment, development, and services firm that creates tangible value for its investors, clients, and internal stakeholders using commercial real estate as the vehicle. Partners was founded and is headquartered in Houston, Texas, and owns, develops, leases, manages, and valuates commercial real estate in multiple geographical areas throughout the United States. Visit us on the web at www.partnersrec.com.

About NAI Partners

NAI Partners was founded and is headquartered in Houston and has offices in San Antonio and Austin; offers the geographic expertise to complete real estate transactions throughout the state; and can leverage the power of the NAI Global network to arrange deals in any location around the world. NAI Partners employs more than 180 real estate professionals, and arranges more transactions than any of its competitors, completing over 700 commercial lease and sale arrangements every year. NAI Partners is a full-service firm providing client solutions for Office, Industrial, Retail, Life Sciences, and Multifamily product types across Brokerage Services, which includes Tenant Representation, Project Leasing, Investment Sales, and Land Sales; Landlord Services, which includes Property Management and Facilities Management; Valuation Services, which includes Lending Appraisal, Appraisal Review, Portfolio & Financial Reporting, and Tax, Litigation & Due Diligence Advisory; and Project Services, which includes Construction Management and Space Management. NAI Partners is the top Houston-based full-service commercial real estate firm on the Inc. 5000 list of fastest-growing private companies in America; the 4th-largest Houston-Area Commercial Real Estate Brokerage and #1 Mover of Square Feet among leasing and sales brokerages in Houston per the Houston Business Journal; the only commercial real estate firm on the Houston Business Journal’s Mid-Market 50 list; a top 3 largest San Antonio Commercial Real Estate Brokerage per the San Antonio Business Journal; and a top 20 Property Management Firm by square feet under management in Houston per the Houston Business Journal. NAI Partners annually ranks among the Houston Chronicle’s Top Workplaces, and the Houston Business Journal’s and Austin Business Journal’s Best Places to Work companies; and is among the University of Houston’s Cougar 100 Fastest-Growing Companies. Visit us on the web at www.naipartners.com. NAI Partners’ holding company is Partners Real Estate Company (“Partners”), which also owns real estate investment and development platform Partners Capital. Visit Partners on the web at www.partnersrec.com.