Boston-based Taurus Investment Holdings, a global private equity real estate firm, recently sold one of San Antonio’s most-recognizable office buildings. The Pyramid Building, located at 601 NW Loop 410, was acquired by an affiliate of Cleveland-based Boyd Watterson Asset Management tied to its Chicago office.
The price for the 220,820-square-foot property was undisclosed but the 6-acre property was last assessed at $37.4 million, according to the Bexar County Appraisal District.
Boyd Watterson primarily invests in properties with long-term leases to the federal government, the company wrote. The Pyramid fits that bill, being anchored by the U.S. Attorney’s Office for the Western District of Texas, which reportedly signed a 10-year renewal recently.
The Pyramid also houses one of three locations in the region for Conroe-based Spirit of Texas Bank.
Click to read full article Iconic San Antonio office building sells to out-of-state firm (San Antonio Business Journal, 11-30-21)
