REOC San Antonio
Commercial Real Estate Since 1974   
Kim_Gatley
Kim Gatley
S
enior Vice President & Director of Research at REOC San Antonio

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Medtronic Selects San Antonio – Lands at Overlook at the Rim

Overlook at the RimAfter evaluating more than 930 locations throughout the country, Minneapolis-based Medtronic, Inc. selected San Antonio for its new Diabetes Therapy Management and Education Center.  Medtronic’s decision will not only add to the Healthcare and Bioscience industry but it will also fill one of the major office buildings recently completed in Northwest San Antonio – Overlook at the Rim. 

The Northwest sector experienced more than 118,000 square feet of negative net absorption in the first quarter, more than any other city sector.  As a result, the Northwest office vacancy rate increased to 20.8% but the new 144,598 square-foot Medtronic lease will offset first quarter losses and help improve the vacancy rate.

Check out Medtronic’s New Release for more information about the recent decision: http://wwwp.medtronic.com/Newsroom/NewsReleaseDetails.do?itemId=1242054328624&lang=en_US

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