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SBC's 200,000-SF Leased Site is a Beehive of Construction Activity

SAN ANTONIO-Construction crews are readying a 200,000-sf former manufacturing site for a January 2001 occupancy by Southwestern Bell Communications, which recently has signed a long-term lease for the entire property in the city's northwest submarket.

By Connie Gore | Updated on October 12, 2000

SAN ANTONIO-Construction crews are readying a 200,000-sf former manufacturing site for a January 2001 occupancy by Southwestern Bell Communications, which recently signed a long-term lease for the entire property in the city’s northwest submarket. The deal pushes SBC over the 850,000-sf leasing mark for sites just since last year, a real estate source told GlobeSt.com.

Paul Fagan, partner in Cross & Co. of San Antonio, says the property will be an adjunct to SBC’s Downtown headquarters. A $9-million to $11-million retrofitting is being carried out in preparation for the January move-in.

The 12.6-acre site is owned by Lazarus Property Co. of Dallas, which bought the former Datapoint Corp. headquarters in January 1999. Fagan says several prospective lessees had been looking at the site, some close to inking a deal, when SBC “got serious” about taking the entire building. “We were at the altar three or four times,” he tells GlobeSt.com. SBC had closed the lease in 90 days, says Fagan who is continuing to search for a buyer for the property.

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