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SAN ANTONIO — Jackson, Miss.-based EastGroup Properties has begun the development of two new industrial buildings in San Antonio. Thousand Oaks I and II will be 109,000 square feet with a combined projected cost of $9.62 million. Thousand Oaks is scheduled to be complete in the first quarter of 2012. The company owns 1.2 million square feet in the north central submarket that is currently 97 percent leased.