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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AT&T consolidating services; relocating to San Antonio

logo-att-color-trans-200x200AT&T Inc. is reducing its workforce in Houston and moving those jobs to San Antonio. The move affects 117 call center employees at 9051 Park West Dr. in Houston, and that location will close.

Those employees provide customer retention work to support AT&T’s legacy landline services.  All of the affected employees will be offered jobs in San Antonio, along with a relocation allowance. …Read Entire Post

GrayStreet proposes 20-story hotel and office tower next to the Pearl

Courtesy GrayStreet Partners

Courtesy GrayStreet Partners

Downtown developer GrayStreet Partners has proposed a 20-story hotel and office tower on Broadway that would exceed zoning regulations intended to protect the San Antonio River and would tower over nearby buildings at the Pearl. The 260-foot-tall tower at Broadway and Newell Avenue would be the tallest building along the booming lower Broadway corridor where developers are planning to construct several large-scale projects as the city rehabilitates the thoroughfare with $42 million from a city $850 million bond program that voters approved last year.

…Read Entire Post

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

Plans for major Hemisfair development

Rendering of Hemisfair development

Rendering of Hemisfair development

Zachry Hospitality unveiled formal plans for its $200 million development called Hemisfair. The plans include a 200-room hotel spanning 14 floors, a 150,000-sf Class A office tower, and a market. All three projects have been designed as mixed-use developments that will incorporate public and retail space.   …Read Entire Post

New La Cantera Retail District

Austin-La Cantera based CSW Development in partnership with USAA of San Antonio is developing La Cantera Heights, a 34-acre retail district, located on La Cantera Pkwy. and Fiesta Texas Dr. just off IH-10 West across from The Rim.

The development will be built in two phases with construction on phase one to start this summer. The first phase, consisting of 25 acres, will feature at least six buildings ranging from 3,000 to 24,000 sf.  Completion is expected early 2019. Future office development and retail expansion is also planned. …Read Entire Post

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.

…Read Entire Post

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