Leading commercial real estate brokerage cites new trend as a result of retail industry shift.
SAN ANTONIO, TX—July 18, 2017—Investment Realty Company (IRC) is proud to announce its new Medical & Wellness Practice Group along with the new listing of Huntington Square, a 2.1-acre site in Northwest San Antonio.
“As the traditional retail industry continues to adapt to the advent of online retail, we are seeing medical offices or wellness studios take advantage of large retail centers that offer safety and convenience that’s close to home,” said Steve Raub, President of Investment Realty Co. “the obvious larger trend is a shift to more service-based companies versus goods-based companies.”
Medical providers are seeking retail centers due to the large increase in healthcare spending by many Americans. According to the Global Wellness institute, the global wellness industry has become a $3.7 trillion market.
Kay Paparella Spears, owner of local wellness clinic Balanced Health Healing Center, noted that “having a convenient location is a huge advantage as people are increasingly focused on improving their health and quality of life”. The clinic is located next-door to a locally sourced, health-conscious farm-to-table café called Red Bird Farmacy.
The new Huntington Square site is an ideal location for the medical retail focus. It will accommodate a two story, 24,050 Sq. Ft. building and will be located on North Loop 1604 W. at Collins Circle (Pond Hill) in San Antonio, TX. The leasing and sales team involved in the project include Steve Raub, Joanne V. Mirelez, and James Murry.
For more details on the Huntington Square listing and other IRC properties, please visit: https://www.investmentrealty.com/properties/huntington-square/
ABOUT INVESTMENT REALTY COMPANY
Investment Realty Company has been creating wealth from San Antonio commercial real estate property since 1975. IRC members and staff have over 100 years of combined sales and leasing experience in forming over 80 commercial real estate partnerships designed to allow individuals, pension plans, corporations and other business entities to invest in both income producing real estate and pre-development land.