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Weinritter Realty buys San Antonio’s Commerce Building

​​​​SAN ANTONIO – Harris Bay has sold the Commerce Building at 314 E. Commerce St. to local real estate company Weinritter Realty.

The two parties made the deal through a 1031 exchange, which allows them to effectively ​​​swap holdings. The bu​ilding was listed for $5.35 million.

Weinritter plans to make minor improvements and maintenance work in the next few months, but its future will likely be decided early in 2024.

Currently the building is 40 percent leased.​

To learn more about 1031 exchanges, read “Trading Spaces: Common Mistakes in a Like-Kind Exchange​.”​