The Collection, a popular mixed-use center in the Alamo Heights area, has been purchased by 35 South Capital.
Featuring nearly 52,000 square feet on 3.75 acres, the center is home to the beloved, family-owned SoLuna Mexican restaurant, the health-conscious juice, coffee, and bites shop, Revolución, Braza Brava Pizzeria, The Union Yoga + Strength, K. Charles & Co. salon, St. John luxury women’s clothing store, several medical providers and more.
Considered a trophy property and “generational” investment, this is the first time the property has changed hands in 20 years. The seller is an entity affiliated with Lindenmuth Realty LP.
“The Collection has a wonderful merchant mix and incredible location in one of the most desirable submarkets in all of San Antonio,” said 35 South Capital Managing Director John Amini. “Our intent is to ensure the property continues its legacy of being an attractive amenity for neighbors, merchants and their customers for years to come.”
This marks 35 South Capital’s second acquisition in San Antonio, with the real estate firm purchasing the King William Center in early 2024. Before that, it purchased Casis Village in Austin, which is another rare retail center in an upscale neighborhood.
All three centers were purchased in off-market transactions from sellers that had owned the properties for many years. Also, similar to King William Center and Casis Village, 35 South Capital intends to invest in thoughtful renovations and improvements to the center to enhance and ensure the property’s continued success.
“Owning The Collection is truly a rare opportunity to steward this coveted asset into its next chapter,” Amini said. “We are thrilled to be the ones who will help to breathe new life into such a historic and beloved project, and in doing so, unlock an exciting, neighborhood-focused experience for those who visit and whose businesses’ homes are in The Collection.”
35 South Capital’s current offering, Willow City Investment Fund, purchased The Collection, and is in the process of raising $100 million to acquire high quality properties in the Texas Triangle submarkets with high demand and low inventory. It also plans to continue to focus on relationship-driven, off-market acquisitions.
