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One Alamo Center gets healthy vacancy boost with new lease

One Alamo Center

One Alamo Center

One Alamo Center, a once mostly vacant building after the departure of two large tenants, has been experiencing a resurgence in new leasing activity over the past 18 months.

The latest lease signed for space at 106 S. St Mary’s St. is for more than 22,300 square feet of space. It is the new office location for Catto & Catto LLC. The local risk management firm moved a few blocks down from its previous location at 217 East Houston St.

Stream Realty Partners‘ Carolyn Hinchey Shaw — who represented the landlord in the One Alamo transaction — said that interest in space downtown has been on the upswing. Over the past year and a half, the vacancy rate in One Alamo Center shot up from a low of 39 percent up to its current rate of 88 percent. The building is owned by Klabzuba Properties III, Ltd., an oil-and-gas investment company that also has a hand in non-energy related ventures.

Click to read entire article: One Alamo Center gets healthy vacancy boost with new lease (San Antonio Business Journal, 04-23-15)


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