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

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Local firm snaps up office complex

Peloton Commercial Real Estate’s Dallas office closed on the 122,975-square-foot 151 Technology Center complex along Loop 410, according to Real Capital Analytics. The price of the Technology Center deal was not disclosed, but according to property records the two buildings are currently appraised for more than $10 million.

Encompassing nearly 6.65 acres at 1560 Cable Ranch Road, the Technology Center complex was previously owned by COPT, a Maryland-based real estate investment trust focused primarily on office properties.

According to the HFF marketing material, 151 Technology Center is 74 percent occupied and was renovated in 2006 and 2007. Anchor tenants currently include Sears Holding Corp. and the Air Force Federal Credit Union, leases which include annual rent increases.

Click here to read the full article: Local firm snaps up office complex San Antonio Business Journal 12-22-2016

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