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Kim_Gatley
Kim Gatley
S
enior Vice President & Director of Research at REOC San Antonio

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WestRidge One is 100% pre-leased to Harland Clarke

WestRidge One at La Cantera (129,016 sf) landed Harland Clarke to fill the entirety of the building upon its completion later this year.  Leading the cycle of new office development in San Antonio, USAA Real Estate Company broke ground in January on this speculative Class A building confident that tenant demand would support the project.  Six months later, it is 100% pre-leased.

Harland Clarke’s current San Antonio headquarters location at 10931 Laureate Drive – just minutes south along the IH-10 corridor – will be vacated upon relocation to WestRidge One.  Built in the late 1980’s, the Laureate building spans roughly 100,000 square feet, according to the Bexar County Appraisal District.

Located at 15955 La Cantera Parkway, WestRidge One, also known as WestRidge South, is the first building in USAA Real Estate Company’s 42-acre master-planned office park situated within walking distance of other La Cantera developments including USAA’s 500-room La Cantera Hill Country Resort, over 150 retail and restaurant destinations at The Shops at La Cantera and the newest development, The Residences at La Cantera, a 322 unit luxury residential project located immediately adjacent to The Shops at La Cantera.

The successful pre-leasing of WestRidge One has provided the momentum needed to kick off construction on the second building, WestRidge Two, which is expected to break ground in the fourth quarter of 2014.

Lisa (Villarreal) Mittel and Chuck King of Travis Commercial represented the common interests of developer Patrinely and owner USAA Real Estate Company; and, Dennis Tarro of Patrinely Group represented his firm; Mark Russell of global commercial real estate services firm Savills Studley represented Harland Clarke/Harland Clarke Holdings in negotiating the lease transaction.

Click to read Harland Clarke to move its headquarters to WestRidge One (San Antonio Business Journal, 6-17-14)

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