Kim Gatley Senior Vice President & Director of Research at REOC San Antonio
Got a Commercial Real Estate Need or Question? Ask One of Our Trusted Advisors
Nationwide Mutual Insurance Co. recently sold its Westover Hills facility to Reserve Capital Partners, a Dallas-based investment fund.
Reserve Capital Partners purchased the roughly 270,000-square-foot facility at 9903 Nationwide Drive just off Highway 151 in Westover Hills.
The complex includes a full-service cafeteria and a big conference center. Reserve Capital plans to make some cosmetic upgrades and add outdoor games.
After shifting to a hybrid work model spurred by the pandemic, Nationwide no longer needed the whole facility but will lease about 55,000 square feet there.
The complex is Reserve Capital’s first acquisition in San Antonio and Trinity Private Equity Group of Southlake is its equity partner in the deal.
Click to read full article Nationwide sells big West Side campus (Express News, 12-11-21)