STONETERRA MEDICAL PLAZA SELLS FOR $13.7 MILLION

SAN ANTONIO — Marcus & Millichap has completed the sale of Stoneterra Medical Plaza, a 57,211-square-foot medical property located at 150 E. Stoneterra Blvd. in San Antonio, for $13.7 million. The three-story building was constructed in 2006. It is fully occupied, with San Antonio Orthopaedic Group as the primary tenant. The medical center is situated near North Central Baptist Hospital, Baptist Regional Children’s Center, Methodist Ambulatory Surgery Center, Laurel Ridge Treatment Center, North Central Urgent Care and Spine Hospital of South Texas. Alex Zylberglait with Marcus & Millichap’s National Office & Industrial Properties Group and Ryan Shaw with the firm’s Miami office represented the seller, a locally based medical group, and the buyer, a New York-based group. Marcus & Millichap’s Dallas office provided local representation.