Firm buys up prominent downtown San Antonio building near Alamo Plaza

2 years ago 275

Nov. 9, 2021

The Dullnig Building, overlooking the Riverwalk astatine Losoya and Commerce, has present been sold to an Austin firm.

An Austin-based commercialized existent property brokerage present owns the gathering that houses the downtown McDonald's.

The historical 30,000-square-foot gathering astatine 101 Alamo Plaza was purchased by 290 Jones Investments Inc., according to a October 27 deed filing.

The purchasing entity was created by Teddy Rea Jones, the main broker of Austin-based Jones and Jones Company, according to authorities taxation records.

MySA reached retired to Jones and Jones Company for comment.

A presumption of the Dullnig Building successful the inheritance from the thoroughfare level erstwhile the La Antorcha de la Amistad was being repainted.

What we know

The acquisition terms was not disclosed but the spot worth was past assessed astatine $3 million, according to region records.
Jones and Jones Company's website says it specializes successful buying and selling flat properties.
As of November 2020, the institution has sold 24 properties successful San Antonio, according to its list of transactions.
Jones and Jones Company purchased the spot Dullnig Building LLC and Dullnig Partners Ltd. — entities tied to section developers James Lifshutz and Doyle Walsh, according to authorities taxation records.
The Dullnig Building was listed successful June 2020, the San Antonio Business Journal reported.

Dullnig Store astatine Commerce and Alamo Streets is shown successful this undated photo.

Dullnig Building facts

JJ Real Co. is presently leasing the assorted retail, bureau and hospitality spaces, according to its website.
The three-story Dullnig Building was built successful 1883 by banker, railroad proprietor and lipid and state shaper George Dullnig, the Express-News reported successful 2015.
The gathering was 1 of San Antonio's archetypal mercantiles, lodging a market store, millinery store and ready-to-wear department.
It is present location to the lone McDonald's successful the bosom of downtown San Antonio. The franchise presently leases the determination truthful it should beryllium fine. MySA reached retired to franchise proprietor The Acosta Organization for comment.
A 17-bedroom boutique furniture and meal called the Riverwalk Vista utilized to run connected the precocious floors. The rooms are nary longer successful use, according to JJ Real Co.
The gathering was past renovated successful 2001.

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