REOC San Antonio
Commercial Real Estate Since 1974   
Kim_Gatley
Kim Gatley
S
enior Vice President & Director of Research at REOC San Antonio

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VP Racing Fuels begins renovations of The Financial Center to create new HQ

VP Racing Fuels recently began renovations of the office building located at 10205 Oasis, commonly known as The Financial Center. 

The 30,000-sf building will not only serve as its new headquarters for its current staff of 45 employees, but it will also accommodate anticipated growth. 

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New Office Tower Planned for Port San Antonio

Port San Antonio – DeLorean Tower

Port San Antonio (fka Kelly AFB) recently announced plans that will reshape the look and feel of the former military base.  The centerpiece of the plan is a 300,000-square-foot high-rise office tower which would serve as the new corporate headquarters for DeLorean Motor Co.

Construction on the office tower could begin before the end of the year at a cost of approximately $18.5M; and the goal is to reach completion early in 2025.

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Two New Medical Office Buildings Coming to Ridgewood Plaza

Ridgewood Plaza

Two new medical office buildings are slated for development in the Ridgewood Plaza business park in Far North Central San Antonio. Construction is slated to begin in early June and is expected to be complete by February 2023.

WellMed will occupy 18,000 square feet to fill the first building will share the lot with the existing TSAOG Orthopedic and Spine Ridgewood Orthopedic Center located at 19138 US Hwy 281 N. …Read Entire Post

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McCombs Acquires Iconic Tower Life Building

Tower Life Building

Local businessman and philanthropist, Red McCombs, along with two other investors, recently acquired the iconic Tower Life Building located in downtown San Antonio at 310 S. St. Mary’s St.

The 31-story landmark is known for its eight stone gargoyles and conical clay tile roof. The building opened just before the 1929 stock market crash and the Great Depression.  It was placed on the National Register of Historic Places in 1991. …Read Entire Post

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Joint Venture acquires Legacy Oaks Medical Complex

Legacy Oaks Medical Complex

Dallas-based private equity firm Velocis recently sold The Legacy Oaks Medical Complex to a joint venture between Altera Fund Advisors and Harrison Street.

Tenants occupying the 227,627-square-foot project include a mix of primary care, pediatrics, rheumatology, ophthalmology, optometry, radiology, pain management and outpatient rehabilitation users. …Read Entire Post

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Former CPS Energy Building To Get Makeover

146 Navarro St.
Courtesy BH Properties

The former CPS Energy office building/parking garage located at 146 Navarro Street is slated for a significant makeover.

Los Angeles-based BH Properties purchased the 10-story building last year from CPS Energy for a reported $22.25 million and is now planning to spend over $10 million in renovation, including new windows, greenery, outdoor seating and other features. …Read Entire Post

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The Commons at The Dominion changes hands

The Commons at The Dominion

The Nettleship Family Trust recently acquired The Commons at The Dominion recently from Dominion Drive Partners.

The upscale office park consists of five free-standing buildings ranging from 2,600 square feet to about 9,000 square feet which combine for a total of 31,112 square feet. …Read Entire Post

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OneFiftyOne Medical Office Under Construction

OneFiftyOne-Medical Office

Construction is underway on OneFiftyOne Medical Office, a new Class A medical office building located along the Highway 151 corridor in Westover Hills.

Situated in the Far West sector of San Antonio, the 60,000-square-foot building will sit on 4.4 acres at the intersection of Westernhill Drive and Hwy 151. …Read Entire Post

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Houston Firm Acquires Two San Antonio Buildings

Welcome Group, a Houston-based investment firm, recently purchased two buildings in Northwest San Antonio totaling 124,291 square feet.

Built in 2004, the first building spans 80,431 square feet and sits on an 11.9-acre site at 6203 Farinon.  It is currently leased by KCI USA Inc., a provider of wound care services and treatments.

The second facility totals 43,860 square feet is located at 6603 First Park Ten Blvd., just inside Loop 410 along the Interstate 10 corridor. …Read Entire Post

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Nationwide Sells Westover Hills Facility

9903 Nationwide Dr.

Nationwide Mutual Insurance Co. recently sold its Westover Hills facility to Reserve Capital Partners, a Dallas-based investment fund. Reserve Capital Partners purchased the roughly 270,000-square-foot facility at 9903 Nationwide Drive just off Highway 151 in Westover Hills. The complex includes a full-service cafeteria and a big conference center.  Reserve Capital plans to make some cosmetic upgrades and add outdoor games. …Read Entire Post
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