CBRE Brokers Sale of Broadstone Colonnade in San Antonio

SAN ANTONIO — CBRE Capital Markets’ multifamily team has brokered the sale of Broadstone Colonnade on behalf of Kansas City-based Price Development Group. An unnamed buyer purchased the 282-unit, Class A multifamily asset for an undisclosed price. Broadstone Colonnade is located at 4330 Spectrum One in San Antonio. The property is made up of 282 one-, two- and three-bedroom units in eight floor plans. It is located within an infill area off of I-10, between Loops 410 and 1604. Residents have direct access to many employment centers, restaurants, retail and healthcare. Community amenities include a swimming pool with fountains, upscale fitness center, cyber lounge with computer stations, cabana area with grills and an indoor basketball court. In the last two years, capital improvements have been completed to the exterior, including new roofs, exterior paint, gutters and window screens. Charles Cirar, Ryan Epstein and Michael Wardlaw of CBRE represented the seller.