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

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New name, lease and loop: RSM to get fresh start with new 36,000-sf space

ridegwood plaza

Padgett Stratemann & Co.’s signs lease for 36,000 sqft of Class A office space in Ridgewood Plaza.

Padgett Stratemann & Co.’s San Antonio operations have been housed in two floors of the One International Centre property for the past 15 years, but after recently being acquired by RSM US LLP, the local office felt it was time for a clean slate.

The firm has signed a 36,000-square-foot lease at R.L. Worth & Associates’ brand-new Ridgewood Plaza, with plans to leave its space at 100 N.E. Loop 410 behind come May 2017. It will occupy the entire fourth floor of the 147,000-square-foot, Class A building, which is located in the northeast quadrant of the Loop 1604 and Highway 281 intersection at 19026 Ridgewood Pkwy.

The new lease at Ridgewood Plaza is a healthy boost from the 28,000 square feet it currently occupies in One International. But that isn’t the only increase RSM will experience.

Tenants’ willingness to pay more for quality product has been an accelerating trend throughout San Antonio’s office market — prompting a wave of new true-Class A developments in high-demand areas such as Northwest, far North and North Central San Antonio.

Click here to read the full article: New name, lease and loop: RSM to get fresh start with new 36,000-sf space San Antonio Business Journal 8-18-2016

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