Bobby Magee is president of MLSA Ventures, which he launched while still in college at Trinity University. The company recently raised a $20-million hotel equity fund and expanded into retail, industrial hospitality and experiential deals. The firm also has portfolio companies, like an in-house construction company, that vertically integrate MLSA’s investment platform.

A prominent downtown property has changed hands for the second time in a year.

The Villita Assembly Building — a riverfront event venue previously owned by CPS Energy — has been sold to local real estate investment firm MLSA Ventures, President Bobby Magee announced on LinkedIn. A purchase price was not disclosed, though the parcel was last assessed at $5.3 million, Bexar Appraisal District records indicate.

The iconic Villita Assembly Building downtown is in new hands.

San Antonio-based private equity firm MLSA Ventures has closed on its purchase of the 24,785-square-foot building at 401 Villita St. from GrayStreet Partners, another local firm.

The distinctive Villita Assembly Building has changed hands again.

A private equity firm, MLSA Ventures, recently closed on a deal to purchase the historic building at 401 Villita St. from San Antonio development firm GrayStreet Partners.
MLSA Ventures is led by managing principals Bobby Magee and Charles Leddy, and principal Billy Freed.

In the local industrial market, developers constructing 100,000-square-foot and above warehouses for national-level retailers and other businesses tend to dominate the sector. But for every competition to lease part or all of one of those newly built facilities, there's an equal or greater competition going on to snap up smaller spaces.

A veteran hospitality investor is hoping to finally do something with La Villita Assembly Hall, the venue featuring an inverted dome roof. MLSA Ventures has the building under contract and plans to find a way to connect it closer to the River Walk. It’s stood idle for years, enduring various starts and stops from various interested parties.

This past November, a 44,989-square-foot flex industrial space was sold to a firm called MLSA Ventures. Leading the firm is a recent Trinity University graduate named Robert Magee, and he has some big plans. He wants to buy up smaller properties around the city and build a portfolio of reliable, income-generating assets.

A San Antonio investment firm is seeking to buy and redevelop the historic Villita Assembly Building downtown.

MLSA Ventures LLC, a group that includes San Antonio hospitality industry veteran Charles Leddy, is actively raising capital as part of a plan to purchase and redevelop La Villita Assembly Hall, a venue backers believe can become a more prominent destination in the heart of the center city.

A young and growing local real estate firm is eyeing a statewide expansion. MLSA Ventures, thus far an industrial investor, has closed on a $20 million raise to buy up hospitality properties around the state. The company, led by Principals Bobby Magee, hotelier Charles Leddy and entrepreneur Billy Freed, has been scooping up small industrial spaces around town as reliable income generators. Now they're setting their sights on a new track.