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Energy Economics: Retail Center in Red Hot Eagle Ford Shale is For Sale

Kenedy, Texas  CBRE Capital Markets’ Investment Properties is marketing for sale a retail center in the Eagle Ford Shale, one of the most dynamic energy exploration fields in the world. With the emergence of fracking, the Eagle Shale south of San Antonio has become a hotbed of drilling activity. Hotels and rental housing remain fully occupied and unemployment is exceptionally low.

CBRE landed the marketing assignment for Kenedy Station, a newly constructed, 12,840-square-foot retail center in the Eagle Ford Shale.

The seller, Austin, Texas-based Kenedy Retail LLC, developed the center in 2013 and completed construction in early 2014. Kenedy Station is in Kenedy, Texas, approximately 42 miles southeast of San Antonio. It is 100 percent occupied— tenants include Anytime Fitness, Subway, AT&T, Great Clips, and Robert Fletcher, DDS.

“Kenedy Station is in the heart of the Eagle Ford Shale, which has contributed to rapid population growth and consumer demand in the area. The demand for quality retail space is far outpacing the supply of development opportunities for retailers,” said Gene Williams, Vice President with CBRE. “Kenedy Station sits directly in front of the Walmart Supercenter that serves the entire market, and will continue to be the most well positioned retail center in the market for years to come.”

Within a quarter mile of the center are two new, large-scale developments, including the Las Colinas residential subdivision, and a 100-acre, mixed-use commercial development by Signor. Both speak to the energy and growth in Kenedy and the greater Eagle Ford Shale.

Carrie CaesarGene Williams and Evan Ketabchi, with CBRE in San Antonio, are representing the seller. Mr. Williams and Mr. Ketabchi represented the seller/developer in fully leasing the center after it was built.

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