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

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USAA leases two entire NW San Antonio office buildings

USAAThere has been some concern about all of the new Class A office product being delivered throughout San Antonio, but with USAA‘s decision to expand its local footprint, two of those buildings are now fully leased.

The San Antonio-based financial services company has signed leases in Vista Corporate Center and Westridge Two at La Cantera, both in the city’s northwestern submarket. Combined, the spaces will encompass about 286,400 square feet — a hefty boost for the market’s occupancy rate. USAA spokesman Matt Hartwig confirmed the two leases and their respective sizes.

The new leases are part of USAA’s decision to move nearly 1,500 employees from its headquarters along I-10 to the two new spaces. The move will impact the company’s information technology and banking positions, and will create more room at USAA’s headquarters for additional member service representatives.

The relocation, which is planned for fall 2017, will follow the company’s previously announced plans to increase the number of employees in One Riverwalk Place — the downtown property it acquired about three years ago — in first quarter 2017.

Click here to read the full article: USAA leases two entire NW San Antonio office buildings San Antonio Business Journal 9/19/2016


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