Koontz McCombs, a development firm based in San Antonio, has bought Tetco Towers, a 256,137-sf office building, for $21.9 million. Bart Koontz and B.J. "Red" McCombs founded Koontz McCombs in 1997. McCombs is the owner of the Minnesota Vikings, McCombs Energy and other firms.
The 15-story building is at 1777 NE Loop 410 in the city's busy north central area. The twin-tower building, built in 1986, is 85% leased. Mark McAllister and Todd Mills of the Austin office of CB Richard Ellis have represented Mack-Cali in the sale.
Mack-Cali had acquired the building when it purchased Patriot American Group. Tetco Inc., which owns and operates gas stations, is the anchor tenant.
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