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

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Local Medical Company Spending $3 million in Renovations

PVAlogoPeripheral Vascular Associates, a local medical company that specializes in arteries and veins, is spending $3 million renovating an aging office building downtown for use as its new headquarters. …Read Entire Post


Methodist Healthcare buys 24 acres on far West Side

methodist healthcare logoMethodist Healthcare System of San Antonio has purchased 24 acres of vacant land at the crossing of Loop 1604 and Texas 151 on the fast-growing Alamo Ranch area, property records show.

The health care system, which operates more than a dozen hospitals in the area, already owns about 52 acres of vacant land at the intersection that it purchased in 2006. …Read Entire Post


Christus pursuing regional expansion

christus_logoSan Antonio’s oldest hospital system is moving to add more facilities in this region as it seeks to stay in front of the population growth in and around the nation’s seventh-largest city.

Christus Santa Rosa Health System, which expects to complete work on the $150 million transformation of its downtown campus into the Children’s Hospital of San Antonio by the end of the year, has five free-standing emergency medical centers and is adding two more through the acquisition of a pair of Elite Care facilities. …Read Entire Post


CaptureRX signals future downtown SA market

capturerxThere were two significant elements of CaptureRx’s deal to move to downtown San Antonio: first, that it would be occupying office space in not one, but two downtown properties; and second, that the city should prepare for these types of large-scale announcements to be made a more often. …Read Entire Post


Christus Santa Rosa Health System acquires SA emergency medical centers

christus_logoIn an effort to broaden its presence in San Antonio, Christus Santa Rosa Health System has struck a deal to purchase a pair of former Elite Care emergency medical centers — including one that previously had been shuttered.

One of the Elite Care facilities now part of Christus’ growing ambulatory network is near U.S. Highway 281 and Bitters Road in North Central San Antonio. The other facility is on Bandera Road on the city’s Northwest Side. …Read Entire Post


UT Health San Antonio expansion; New Boerne medical center

UT_Health_San_AntonioUT Health San Antonio is putting the final touches on a new $19 million medical center in Boerne that represents a potentially much larger leap of faith for the Alamo City institution.

The 19,000-square-foot ambulatory multispecialty complex, set to open next month, could be a first step toward more medical investment in high-growth corridors beyond San Antonio’s city limits. UT Health’s immediate focus is the Boerne project, but its physician group is keenly aware that there are other areas where the demand for health care is outpacing the availability of services. …Read Entire Post


San Antonio hospital launching renovation


Southwest General Hospital getting multi-million dollar renovation.

Southwest General Hospital has launched a new expansion and renovation project that will bring more cutting-edge health care to a sector of the city experiencing increased demand for services.

The project will include a new electrophysiology cardiac catheterization laboratory. As part of the plan, the hospital will also expand the capabilities of its existing cardiac cath lab. …Read Entire Post


REOC Releases 4Q 2016 Medical Office Market Report

Source: REOC San Antonio/Xceligent

Source: REOC San Antonio/Xceligent

The San Antonio medical office market retained its positive gains into the fourth quarter to complete an overall positive year in 2016. The stable local economy and expanding demographics proved to be a stimulus for healthy leasing activity following demand for medical office space.

The year-end total reached 83,514 square feet of positive net absorption after the fourth quarter supplied 15,940 square feet of additional gain. Three new buildings were delivered during the fourth quarter which contributed 65,983 square feet of medical-only office space to the market, bringing the inventory to more than 7.1 million square feet. …Read Entire Post


Southeast Side medical space development

methodist healthcare logo

MHM to redevelop former Southeast Baptist Hospital.

Methodist Healthcare Ministries has stuck a deal to acquire a 20-acre site along East Southcross Boulevard that includes the former Southeast Baptist Hospital.

It’s a deal that will draw more medical services to the site and could breathe new life into an area ripe for additional reinvestment. Methodist Healthcare Ministries plans to spend as much as $10 million to renovate the larger medical office building, which spans 60,000 square feet. …Read Entire Post


Career Point’s vacated space officially back on the market

Wonderland of the Americas

Wonderland of the Americas

Wonderland of the Americas is working to fill some 96,000 square feet of space now unoccupied as a result of Career Point College closing its campuses. Located in a pocket created by the Loop 410 and I-10 overpass at 4522 Fredericksburg Road, the multi-use property has a mix of Class A and B space, with the former commanding $21.50 per square foot. …Read Entire Post