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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REOC Development Breaks Ground on 60K sf Professional Building at Singing Hills

Site of new 60,000 sq. ft. professional office building

Site of new 60,000 sq. ft. professional office building at Singing Hills

REOC Development recently celebrated the groundbreaking of the Singing Hills Professional Building – a 60,000 square-foot, three-story office building located at US 281 & Harmony Hills.  Designed by Luna Middleman Architects and constructed by Middleman Construction Company, site work is well under way with delivery scheduled for next fall.

The building will be anchored by an Ambulatory Surgical Center (ASC) on the first floor and the goal is to secure an imaging center for the remainder of the first floor space.

Lease commitments are approaching 65% of the building but there are still leasing and tenant-equity opportunities available;  however, as the only Class “A” office building in the Bulverde/Spring Branch community, the remaining space is not expected to remain unclaimed for long.  …Read Entire Post

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San Antonio/Houston-area in U.S. medical office sales

Westover Hills Medical Plaza II

Westover Hills Medical Plaza II

The Westover Hills Medical Plaza, located along the Hwy. 151 corridor, includes three medical offices, is among the properties within a 1.4 million-sf portfolio purchased by an affiliate of global real estate investment firm Heitman LLC.

The three medical offices make up just over 200,000 sf in the larger portfolio, which includes 17 buildings in seven states. …Read Entire Post

A new $70 million facility is coming to the Medical Center

The Sam and Ann Barshop Institute for Longevity and Aging Studies now resides at UT Health’s 186-acre Texas Research Park Campus on the far West Side. University officials said the new location across from the Greehey Academic and Research Campus will centralize operations and permit more collaboration between the institute and San Antonio’s medical community. …Read Entire Post

REOC Releases 2Q 2017 Medical Market Report

Source: REOC San Antonio

Source: REOC San Antonio

The mid-year check up of the San Antonio medical office market remained steady and positive.  The survey of more than 7.2 million square feet of separately tracked medical-only office space revealed that the citywide vacancy rate remained relatively unchanged at 20.0% compared to 20.1% at mid-year 2016 as new inventory offset positive absorption.  …Read Entire Post

Medical building portfolio sells to out of town partnership

A partnership between Artemis Real Estate Partners, Ackerman & Co. and MLL Capital purchased a four-building medical office portfolio totaling 423,411 square feet, according to a press release.

Two of the downtown San Antonio buildings, the Santa Rosa Professional Pavilion — which is 128,578 square feet — and the 123,324 square foot Rosa Verde Tower, are on the CHRISTUS Children’s Hospital of San Antonio campus. The campus recently underwent a $135 million renovation and expansion. …Read Entire Post

New office park arrives in Boerne

The finishing touches are being put on Seven Oaks Professional Office Park, a new 32,500 square-foot Class A office project in Boerne.

The complex has been advertised to companies looking for professional office and medical space. So far, the property already has a few tenants signed up, including a chiropractic firm, a dentist office, a swimming school, a day care facility and a surgery center. …Read Entire Post

Dallas-based real estate firm buys medical office complex

Velocis, a Dallas-based private equity real estate manager, has purchased a 224,262 square foot medical office complex adjacent to the South Texas Medical Center.

The seven-building Class A complex Legacy Oaks recently underwent extensive capital improvements. It is currently 75 percent leased by a mix of health care providers. Tenants include Baptist Health System, MEDNAX, BB&T, and the Center for Healthcare Services. …Read Entire Post

Local realty firm bets on medical retail for Huntington Square

According to a press release, the new development is a two story, 24,050 square-foot site will be on North Loop 1604 W. at Collins Circle. The new space will focus on leasing to medical retailers like spas, chiropractors, dentist offices and wellness centers as well as other retail tenants.

The focus on medical retail represents a bigger shift in general retail according to Raub, which is shifting from people buying goods at traditional retail stores to more people buying services instead. …Read Entire Post

A Strong Year Awaits the San Antonio Medical Office Market

1Q17_SA_MOBSnap.xlsConditions improved in the San Antonio medical office market in the first quarter evidenced by a slight decrease in the citywide vacancy rate within the city’s inventory of more than 7.2 million square feet of medical-only office lease space.

Even as the healthcare business model continues to undergo significant change, fundamental factors, such as population growth and an aging population, continue to drive demand for medical office space.  The citywide vacancy dipped to 20.0% compared to 20.5% last quarter.  …Read Entire Post

Local Medical Company Spending $3 million in Renovations

PVAlogoPeripheral Vascular Associates, a local medical company that specializes in arteries and veins, is spending $3 million renovating an aging office building downtown for use as its new headquarters. …Read Entire Post