San Antonio, October 15, 2025
News Summary
A joint venture of MCB Real Estate, Epic Real Estate Partners, and Centerbridge Partners L.P. has acquired the Northwoods Shopping Center in San Antonio. The shopping center, which covers 439,569 square feet and has been anchored by HEB grocery store since 1996, boasts a 91% occupancy rate with notable retailers including Nordstrom Rack, Marshalls, and Ulta Beauty. Truist Bank provided financing for the acquisition, indicating confidence in the San Antonio retail market’s potential for growth.
San Antonio – A joint venture comprised of MCB Real Estate, Epic Real Estate Partners, and Centerbridge Partners L.P. has successfully acquired the Northwoods Shopping Center, aiming for future growth in the region. The acquisition highlights the overall health and potential of retail space in San Antonio, which is becoming an increasingly attractive market for investors.
The Northwoods Shopping Center, which spans 439,569 square feet, is a well-established retail destination in San Antonio. The property has been anchored by an HEB grocery store since its launch in 1996. At the time of the sale, the shopping center boasted strong occupancy, with 91% leased space available for various retail businesses.
The range of tenants at the Northwoods Shopping Center contributes significantly to its appeal. Prominent brands at the center include Nordstrom Rack, Marshalls, Homesense, Barnes & Noble, Old Navy, and Ulta Beauty. These well-known retailers attract a diverse customer base, ensuring steady foot traffic and continued interest from patrons of the shopping center.
The financing for this acquisition has been provided by Truist Bank, which has a reputation for supporting commercial real estate investments. This partnership aims to leverage the existing property structure for further development and enhancement opportunities.
Supporting Details
| Key Features | Details |
|---|---|
| Joint Venture Partners | MCB Real Estate, Epic Real Estate Partners, Centerbridge Partners L.P. |
| Location | San Antonio |
| Shopping Center Size | 439,569 square feet |
| Anchor Tenant | HEB grocery store |
| Occupancy Rate | 91% leased |
| Other Major Tenants | Nordstrom Rack, Marshalls, Homesense, Barnes & Noble, Old Navy, Ulta Beauty |
| Financing Partner | Truist Bank |
Background Context
The Northwoods Shopping Center has been a staple in the San Antonio retail landscape since its opening in 1996. With a diverse array of shops and services, it has consistently met the needs of local residents and visitors alike. The acquisition aligns with broader trends in retail, where shopping centers are adapting to changing consumer preferences and seeking new investment opportunities to thrive amidst evolving market conditions.
Developers are increasingly recognizing the potential of well-located shopping centers to not only provide essential services but also to serve as community hubs. The acquisition of the Northwoods Shopping Center is expected to enhance its appeal and lead to potential future developments that could include additions or renovations, further establishing its significance in the area.
What is the location of the Northwoods Shopping Center?
The Northwoods Shopping Center is located in San Antonio.
How large is the Northwoods Shopping Center?
The shopping center spans 439,569 square feet.
Who are the main tenants at the Northwoods Shopping Center?
Main tenants include HEB grocery store, Nordstrom Rack, Marshalls, Homesense, Barnes & Noble, Old Navy, and Ulta Beauty.
What was the occupancy rate at the time of sale?
The occupancy rate was 91% leased at the time of sale.
Which bank provided financing for the acquisition?
Truist Bank provided financing for the acquisition.
Deeper Dive: News & Info About This Topic
HERE Resources
Joint Venture Acquires Northwoods Shopping Center in San Antonio
Additional Resources
- Shopping Center Business
- Wikipedia: Northwoods Shopping Center
- The Daily Record
- Google Search: Northwoods Shopping Center
- ConnectCRE
- Google Scholar: Northwoods Shopping Center
- Community Impact
- Encyclopedia Britannica: Northwoods Shopping Center
- KSAT
- Google News: Northwoods Shopping Center
Author: STAFF HERE SAN ANTONIO WRITER
The SAN ANTONIO STAFF WRITER represents the experienced team at HERESanAntonio.com, your go-to source for actionable local news and information in San Antonio, Bexar County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Fiesta San Antonio, San Antonio Stock Show & Rodeo, and Dia de los Muertos. Our coverage extends to key organizations like the Greater San Antonio Chamber of Commerce and United Way of San Antonio and Bexar County, plus leading businesses in retail, insurance, and energy that power the local economy such as H-E-B, USAA, and Valero Energy. As part of the broader HERE network, including HEREAustinTX.com, HERECollegeStation.com, HEREDallas.com, and HEREHouston.com, we provide comprehensive, credible insights into Texas's dynamic landscape.