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

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CPS Energy to buy, renovate old AT&T building for its new headquarters

cps logoCity-owned utility company CPS Energy plans to buy and renovate the old AT&T building in downtown San Antonio to be its new headquarters.

After months of looking at land in the downtown area, the five-member CPS Energy board of trustees approved the deal during their meeting.

Located along the River Walk off McCullough Avenue and Avenue B, the multistory AT&T building has been empty for years but has tens of thousands of square feet of office space and hundreds of parking spaces. The sale price is confidential, a CPS spokesman said. Bexar County Appraisal District records show that the building was appraised at $30.3 million in 2016.

CPS Energy will next move into the design and construction phase of the project. The utility is expected to release a request for proposals to find a general contractor. The new headquarters is scheduled to be completed in 2019.

Click here to read the full story: CPS Energy to buy, renovate old AT&T building for its new headquarters San Antonio Business Journal 6-27-2016

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