Tryperion Partners expands San Antonio portfolio with acquisition

San Antonio, Texas - Tryperion Partners, a private real estate investment firm, has acquired Gateway Plaza, a 97% occupied, 138,510-sq.-ft. community shopping center anchored by Burlington Coat Factory that is located in San Antonio’s burgeoning metropolitan area. The acquisition, which is Tryperion’s second of a San Antonio REO property in less than a year, includes additional land for future development.
 
“Gateway Plaza presented a unique blend of stable cash flow and upside potential,” said Tryperion partner Joseph Kessel.  “The stabilized occupancy and lease term of Burlington Coat Factory and the junior anchors enable us to focus on leasing existing vacancies and either ground leasing or selling the development pads.”
 
Tryperion has engaged San Antonio-based Endura Advisors to market the existing vacancies and future development sites.

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