{"id":1004114159,"date":"2015-02-24T13:50:12","date_gmt":"2015-02-24T21:50:12","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=327601"},"modified":"2022-12-08T15:35:56","modified_gmt":"2022-12-08T23:35:56","slug":"kennedy-wilson-announces-sale-of-historic-aztec-theatre-in-san-antonio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/kennedy-wilson-announces-sale-of-historic-aztec-theatre-in-san-antonio\/","title":{"rendered":"Kennedy Wilson Announces Sale of Historic Aztec Theatre in San Antonio"},"content":{"rendered":"<p style=\"text-align: justify\"><em>By Anca Gagiuc, Associate Editor<\/em><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-327605\" title=\"Aztec Theatre 3\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/02\/Aztec-Theatre-3.jpg\" alt=\"\" width=\"300\" height=\"196\" \/><\/p>\n<p style=\"text-align: justify\">The vertically integrated global real estate investment and services firm Kennedy Wilson, headquartered in Beverly Hills, Calif., recently announced the sale of the historic mixed-use Aztec Theatre in San Antonio.<\/p>\n<p style=\"text-align: justify\">Suzanne Havekost,\u00a0managing director of\u00a0Kennedy Wilson\u2019s San Antonio brokerage group, represented buyer Aztec Family Group L.L.C. and seller Aztec Project Development Ltd. The price of the transaction remains undisclosed.<\/p>\n<p style=\"text-align: justify\">\u201cThe revitalization of San Antonio\u2019s Central Business District continues to see growth and activity as more and more people are moving into the downtown area for its vibrant retail and entertainment,\u201d said Havekost. \u201cThis particular building is leading the charge. This wasn\u2019t a typical building sale; it truly marks the next chapter in San Antonio\u2019s future.\u201d<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-327607\" title=\"Aztec Theatre 6\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/02\/Aztec-Theatre-6.jpg\" alt=\"\" width=\"300\" height=\"187\" \/><\/p>\n<div>\n<p style=\"text-align: justify\">The building, developed in 1926, is located at 201 E. Commerce St., in a key downtown area that takes full advantage of urban redevelopment. Over the years, it has undergone restoration and renovation work valued at more than $20 million, first in 1998 when Belgian Baron Theodore Bracht of Aztec Development Ltd. acquired the property and invested $20 million in restoration. In 2013, the current tenant and now owner of the property, Sam Pancheve of the Aztec Family Group, invested several million to double the seating capacity and upgrade the space to accommodate various live music entertainment acts.<\/p>\n<p style=\"text-align: justify\">The historic property houses the Iron Cactus Mexican Grill &amp; Margarita Bar, but also has 30,000 square feet of available office space, which can easily convert for hotel or multifamily use. There is also another 15,000 square feet of retail space available.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The vertically integrated global real estate investment and services firm Kennedy Wilson, with headquarters in Beverly Hills, CA, recently announced the sale of the historic mixed-use Aztec Theatre in San Antonio.<\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1607],"tags":[],"class_list":["post-1004114159","post","type-post","status-publish","format-standard","hentry","category-latest","category-san-antonio"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Kennedy Wilson Announces Sale of Historic Aztec Theatre in San Antonio - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/kennedy-wilson-announces-sale-of-historic-aztec-theatre-in-san-antonio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kennedy Wilson Announces Sale of Historic Aztec Theatre in San Antonio\" \/>\n<meta property=\"og:description\" content=\"The vertically integrated global real estate investment and services firm Kennedy Wilson, with headquarters in Beverly Hills, CA, recently announced the sale of the historic mixed-use Aztec Theatre in San Antonio.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/kennedy-wilson-announces-sale-of-historic-aztec-theatre-in-san-antonio\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-02-24T21:50:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T23:35:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/02\/Aztec-Theatre-3.jpg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/kennedy-wilson-announces-sale-of-historic-aztec-theatre-in-san-antonio\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/kennedy-wilson-announces-sale-of-historic-aztec-theatre-in-san-antonio\\\/\"},\"author\":{\"name\":\"Anca Gagiuc\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"headline\":\"Kennedy Wilson Announces Sale of Historic Aztec Theatre in San Antonio\",\"datePublished\":\"2015-02-24T21:50:12+00:00\",\"dateModified\":\"2022-12-08T23:35:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/kennedy-wilson-announces-sale-of-historic-aztec-theatre-in-san-antonio\\\/\"},\"wordCount\":270,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/kennedy-wilson-announces-sale-of-historic-aztec-theatre-in-san-antonio\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/02\\\/Aztec-Theatre-3.jpg\",\"articleSection\":[\"News\",\"San Antonio\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/kennedy-wilson-announces-sale-of-historic-aztec-theatre-in-san-antonio\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/kennedy-wilson-announces-sale-of-historic-aztec-theatre-in-san-antonio\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/kennedy-wilson-announces-sale-of-historic-aztec-theatre-in-san-antonio\\\/\",\"name\":\"Kennedy Wilson Announces Sale of Historic Aztec Theatre in San Antonio - 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