REOC San Antonio
Commercial Real Estate Since 1974   
Kim_Gatley
Kim Gatley
S
enior Vice President & Director of Research at REOC San Antonio

Got a Commercial Real Estate Need or Question?


Ask One of Our Trusted Advisors

Cole acquires Tesoro HQ in RidgeWood Park

The two-building Tesoro Corp. headquarters facility located at 19100 Ridgewood Parkway in the master-planned office development known as RidgeWood Park was recently purchased by Cole Real Estate Investments.  In addition to Tesoro, the 618,000-square-foot complex is also home to EOG Resources Inc.  The seller was US Real Estate, the real estate arm of locally-based USAA.

This is not the first San Antonio acquisition for Cole.  In 2011, the Phoenix-based firm purchased Overlook at The Rim (145,000 sf) – a Class A office building located in the Northwest sector at 18302 Talavera Ridge which medical technology firm Medtronic calls home.

RidgeWood Park is situated in the Far North Central sector on 122 acres along U.S. Highway 281 just north of Loop 1604.  The growing park recently added the first of three single-story office buildings at Ridgewood Business Center.  Pulte occupies roughly 15,000 square feet of the 65,000-square-foot building.  Also under construction is a two-story build-to-suit facility for Avnet.  The Phoenix-based electronics components company will fill the 58,000 square feet upon completion which is expected in August.

Click to read: USAA entity finds buyer for Tesoro Corp. headquarters (San Antonio Business Journal, 1-21-14)

Share

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>