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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CaptureRX signals future downtown SA market

capturerxThere were two significant elements of CaptureRx’s deal to move to downtown San Antonio: first, that it would be occupying office space in not one, but two downtown properties; and second, that the city should prepare for these types of large-scale announcements to be made a more often. …Read Entire Post

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Christus Santa Rosa Health System acquires SA emergency medical centers

christus_logoIn an effort to broaden its presence in San Antonio, Christus Santa Rosa Health System has struck a deal to purchase a pair of former Elite Care emergency medical centers — including one that previously had been shuttered.

One of the Elite Care facilities now part of Christus’ growing ambulatory network is near U.S. Highway 281 and Bitters Road in North Central San Antonio. The other facility is on Bandera Road on the city’s Northwest Side. …Read Entire Post

UT Health San Antonio expansion; New Boerne medical center

UT_Health_San_AntonioUT Health San Antonio is putting the final touches on a new $19 million medical center in Boerne that represents a potentially much larger leap of faith for the Alamo City institution.

The 19,000-square-foot ambulatory multispecialty complex, set to open next month, could be a first step toward more medical investment in high-growth corridors beyond San Antonio’s city limits. UT Health’s immediate focus is the Boerne project, but its physician group is keenly aware that there are other areas where the demand for health care is outpacing the availability of services. …Read Entire Post

San Antonio hospital launching renovation

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Southwest General Hospital getting multi-million dollar renovation.

Southwest General Hospital has launched a new expansion and renovation project that will bring more cutting-edge health care to a sector of the city experiencing increased demand for services.

The project will include a new electrophysiology cardiac catheterization laboratory. As part of the plan, the hospital will also expand the capabilities of its existing cardiac cath lab. …Read Entire Post

REOC Releases 4Q 2016 Medical Office Market Report

Source: REOC San Antonio/Xceligent

Source: REOC San Antonio/Xceligent

The San Antonio medical office market retained its positive gains into the fourth quarter to complete an overall positive year in 2016. The stable local economy and expanding demographics proved to be a stimulus for healthy leasing activity following demand for medical office space.

The year-end total reached 83,514 square feet of positive net absorption after the fourth quarter supplied 15,940 square feet of additional gain. Three new buildings were delivered during the fourth quarter which contributed 65,983 square feet of medical-only office space to the market, bringing the inventory to more than 7.1 million square feet. …Read Entire Post

Southeast Side medical space development

methodist healthcare logo

MHM to redevelop former Southeast Baptist Hospital.

Methodist Healthcare Ministries has stuck a deal to acquire a 20-acre site along East Southcross Boulevard that includes the former Southeast Baptist Hospital.

It’s a deal that will draw more medical services to the site and could breathe new life into an area ripe for additional reinvestment. Methodist Healthcare Ministries plans to spend as much as $10 million to renovate the larger medical office building, which spans 60,000 square feet. …Read Entire Post

Career Point’s vacated space officially back on the market

Wonderland of the Americas

Wonderland of the Americas

Wonderland of the Americas is working to fill some 96,000 square feet of space now unoccupied as a result of Career Point College closing its campuses. Located in a pocket created by the Loop 410 and I-10 overpass at 4522 Fredericksburg Road, the multi-use property has a mix of Class A and B space, with the former commanding $21.50 per square foot. …Read Entire Post

REOC San Antonio Releases 3Q16 Medical Office Market Update

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Source: REOC San Antonio/Xceligent

Extending the positive performance demonstrated in the first half of the year, the San Antonio medical office market registered positive gains in the third quarter to further its growth cycle. The stable local economy and expanding demographics continue to spur healthy leasing activity and demand for medical office space.
New leases and expansions generated 36,926 square feet of positive net absorption in the third quarter which boosted the year-to-date total to 67,574 square feet of total net gain. New development delivered two new buildings to the expand the medical-only office inventory to nearly 7.1 million square feet. Pre-leasing activity within the two newly-delivered buildings contributed to absorption gains this quarter. The two-story Dominion Crossing Medical Office Building (30,000 sf), for example, came online with University Health System (4,201 sf) and a pediatric dermatologist (5,523 sf) in place. Similarly, the three-story Christopher Medical Office Building at Grace Point (54,648 sf) opened with its anchor tenant, Sage Bariatric. …Read Entire Post

Wonderland of the Americas mall taken off market after losing an anchor tenant

Wonderland of the Americas

Wonderland of the Americas

Ownership for the Wonderland of the Americas faced with having to fill the 96,000-square-foot hole left after anchor tenant Career Point College abruptly closed its doors over the weekend power has reversed its plan to sell the property.

After investing millions of dollars in its rebranding and pushing the mall’s vacancy to below 10 percent with new lease agreements, Crossroads Mall Partners Ltd. recently enlisted HFF to put the 565,718-square-foot Wonderland of the Americas up for sale.

Sid Weiss, a managing partner with the ownership, confirmed that the property has been taken off the market. …Read Entire Post

Shavano Park area to get new emergency hospital

baptist emergency logo

New emergency hospital coming to 1604 and NW Military.

Baptist Health System and Woodlands, Texas-based Emerus are expanding their collaboration. The two organizations have teamed up to develop a seventh emergency hospital in the Alamo City.

The newest project, which has been kept under wraps until now, is under construction at Loop 1604 and NW Military Highway in far North San Antonio. Officials with Emerus and Baptist did not disclose development costs, but they did confirm that the structure will be nearly 40,000 square feet in size and is expected to be completed before December. …Read Entire Post