Tryperion provided preferred equity for the acquisition and lease-up of Union Square, a two-building, 324,000 square foot office property in San Antonio, TX.
Tryperion acquired the 265,000 SF retail center at 20% occupancy. The property is shadow anchored by the #1 Walmart and #2 Home Depot in Colorado. The business plan included light value-add renovations and aggressive efforts to lease the remaining vacant space.
Investment Highlights
The venture executed two leases at closing bringing occupancy from 20% to 73%.
