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

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Local firm Merit Commercial Real Estate Acquires 2-Building Project in NW San Antonio

Local firm Merit Commercial Real Estate closed its first major investment with the recent acquisition of University Park Tech Center I & II.  The two office buildings, situated in University Park just west of Interstate 10, total nearly 200,000 square feet. The Seller was Clarion Partners LLC which sold two other buildings at University Park Tech Center to University Health System in December 2020. The two buildings are currently occupied with three tenants, including Harland Clark Corp., Methodist Healthcare and WellMed Medical Management Inc., but a large vacancy is on the horizon when WellMed pulls out of 68,000 square feet by the end of May 2022.  WellMed plans to consolidate its in a new headquarters located along I-10, north of Loop 1604. Click to read full article NYC firm sells local property in second-largest office deal this year (San Antonio Business Journal, 12-6-21)

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