G.J. Sutton site in downtown San Antonio hits the market
JLL selected to lead marketing, sale of two tracts totaling 5.9 acres
SAN ANTONIO, August 6, 2020 – JLL announced today the firm has been selected to lead the marketing and sales effort for the G.J. Sutton site in downtown San Antonio. The offering consists of two land parcels encompassing 5.9 acres located at 303 N Center Street and 715 E Crockett Street.
Named for Garlington Jerome Sutton, the first black official from San Antonio elected to the Texas House of Representatives, the G.J. Sutton complex was acquired by The State of Texas in 1975. The building on the property was demolished last August. Per Texas House Bill 2944, which required the sale of the state-owned property, any newly constructed property must retain the name “G.J. Sutton.”
The site is within walking distance to St. Paul Square, the Alamodome and Hemisfair Park, and within a 10-minute drive or less from popular destinations like the King William District, Pearl District and Alamo Quarry.
JLL’s Robert Arzola, Simmi Jaggi, Elizabeth Clampitt and John Taylor are leading the sales effort on behalf of the Texas General Land Office.
“The site presents a prime development opportunity in the city’s emerging urban core that is experiencing a resurgence of growth from residents and companies alike who are choosing to live and work downtown,” said Arzola.
For additional information regarding the site, please contact Robert Arzola at +1 210 481 3300.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion in 2019, operations in over 80 countries and a global workforce of nearly 93,000 as of June 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.