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

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Credit Human receives $3 Million incentive package for move to Pearl

CreditHuman_LogoOn Tuesday afternoon, the Bexar County Commissioners agreed to a nearly $3 million, 10-year property tax break with San Antonio-based credit union Credit Human for the construction of its new, 10-story headquarters at Pearl.

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Recent Construction Trades Hands

GM FinancialBuilt in 2017, the Class A office building occupies nearly 14 acres at 3301 North Ellison Drive, with easy access to the Raymond E. Stotzer Freeway. Radler Enterprises acquired the 100,260 asset from SRP Holdings I LLC for an undisclosed price. …Read Entire Post

Insurance call center moves out of North West side office

The Oaks at University Park

The Oaks at University Park

Allstate Corp. is moving out of its offices in San Antonio on the North West side, the company confirmed. The Northfield, Illinois-based insurance company was leasing an undisclosed number of square feet inside The Oaks building at University Business Park along Silicon Drive for its 200-employee footprint. …Read Entire Post

San Antonio’s Airrosti eyes bigger headquarters

Airrosti_logoThe San Antonio-based company is in advanced discussions with a developer to move into a new and much larger home that would be built from the ground up to accommodate its expanded operations.

The company’s San Antonio workforce totals about 200 personnel. More than half of those employees work out of Airrosti’s current headquarters on Central Parkway North, spread out across 30,000 square feet on multiple floors. …Read Entire Post

Incentives for Credit Human to move to Pearl, sources say

CreditHuman_Logo

The city and county are offering $8.8 million in tax and other incentives to Credit Human, a local credit union, to move its headquarters from the Northwest Side to an office tower at the Pearl, according to three people with direct knowledge of the plans.

Credit Human, which is the third-largest credit union in the local area, was known as the San Antonio Federal Credit Union until earlier this year. The new headquarters would be at 1803 Broadway, where Silver Ventures, the development firm owned by billionaire Christopher “Kit” Goldsbury that developed the Pearl. …Read Entire Post

CaptureRx shifts plans as it eyes HQ move to Broadway

The San Antonio Light building.

The San Antonio Light building.

San Antonio-based CaptureRx has put a halt to plans to relocate its headquarters to Houston Street and the historic Kress building. Instead, the health care technology company is seeking to make its new home in the former San Antonio Light complex on Broadway Street. …Read Entire Post

REOC Releases 2Q 2017 Office Market Report

Source: REOC San Antonio

Source: REOC San Antonio

The San Antonio office market continued steadily on its positive trend in the second quarter accompanied by the delivery of 389,369 square feet of new office lease space.  The much anticipated Landmark One building (164,351 sf) came online at the intersection of Loop 1604 & IH-10 in the North West submarket with two signed tenants – Chicago Title (8,295 sf) and Forge Energy (14,402 sf). …Read Entire Post

USAA buys Bank of America Plaza

USAA purchases Bank of America Plaza.

USAA purchases Bank of America Plaza.

The deal closed on Monday; while the sales price was not disclosed, the building was last appraised by Bexar County for $88 million.

The 28-story tower at 300 Convent St. was last owned by two real estate investment companies: Talcott Realty Investors of Hartford, Connecticut, and Clarion Partners of New York. …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

Office project breaks ground in New Braunfels

Ground broke this week on the first phase of Sundance Plaza, a 120,000-square foot Class A office development in New Braunfels. This first phase, which will be a 58,574 square foot office building, is set to be completed in the first quarter of 2018.

The 10 acres of land Sundance Plaza will sit on is just a portion of a larger master-planned mixed-use project called Sundance Park, which will be centralized at 2049 Sundance Parkway — less than a mile from the bustling Interstate 35. …Read Entire Post