Premier San Antonio shopping center trades hands

SAN ANTONIO, May 22, 2026 –  JLL Capital Markets announced today that it has arranged the sale of The Legacy Shopping Center, a 353,000-square-foot mixed-use lifestyle center located in Far North Central San Antonio.

JLL represented the seller, Santikos Real Estate Services. The buyer was Rio Capital Investments in partnership with Triangle Capital Group.

"San Antonio's retail market continues to show strong momentum driven by population growth and economic diversification," said Whitney Snell, Director at JLL Capital Markets. "Well-located centers like The Legacy at major intersections with solid demographics remain highly sought after by both retailers and investors."

The Legacy is strategically positioned at the northeast corner of US Highway 281 and Loop 1604, one of the most prominent intersections in San Antonio. This prime location provides exceptional visibility and access, drawing visitors from the affluent surrounding neighborhoods of Stone Oak, Encino Park and Bulverde. The center benefits from its proximity to dense residential areas, top-tier employment centers and major hospitality destinations.

San Antonio is the seventh largest city in the United States with a metropolitan population of 2.6 million. The city has experienced significant economic momentum in recent years and is now recognized as a national leader in economic growth. San Antonio boasts a diverse economy anchored by military installations, financial services, life sciences and a rapidly expanding information technology and cybersecurity sector.

Built in 2006, The Legacy encompasses 32.2 acres. Major occupants include Main Event Entertainment, Best Buy, Spec's, Paul Mitchell and Buffalo Wild Wings, attracting 2.8 million visitors annually. The property features a strong national tenant roster representing 48% of total building square footage. The center includes ground floor retail, second floor office space and five pad sites.

The Legacy presents significant upside potential for the new owner, as the separately platted pad sites provide flexibility for individual spin-off opportunities.

JLL Capital Market’s Investment and Sales Advisory team representing the seller was led by Senior Managing Director Barry Brown and Directors Whitney Snell and Shea Petrick.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Santikos Real Estate Services LLC is the real estate investment and development arm of Santikos Entertainment, a San Antonio-based company founded in 1911 that owns and operates theaters throughout Texas. The company's diverse portfolio includes retail, office, multifamily, industrial, theater, land and hotel assets in San Antonio and national markets. Santikos Entertainment operates solely for the benefit of the San Antonio community, with profits funding area nonprofits through the San Antonio Area Foundation.

Rio Capital Investments is a real estate investment manager focused on value‑add investments across retail, multifamily, office and mixed‑use properties in high‑growth markets throughout the United States.