Woodland Hills, California-based Kotel Investments, which owns more than 50 industrial and retail properties between San Antonio and Austin, has bought four properties in San Antonio and sold a 50,175-sqaure-foot commercial park in Austin, the firm announced.
The group closed on the following properties in San Antonio:
The properties will be managed by Kotel Investments MGMT Inc. While the founders of Kotel Investments, brothers Jeff and Rami Kotel, did not specify the price of each property, the combined value of the portfolio was last appraised by the Bexar County Appraisal District for $3.8 million.
The firm also recently sold the 50,175-square-foot Bratton Lane Commercial Park in Austin for an undisclosed amount to an undisclosed buyer. Located at 16501 Bratton Lane, the property was appraised by the Travis County Appraisal District for $3.8 million. Joshua Swank of NAI Partners brokered the deal on behalf of Kotel Investments.
