This is the second San Antonio contract between Chase and WorkPlaceUSA. The first was Chase's 151,000-sf development in the Westover Hills Business Park.
Chase, a unit of JP Morgan/Chase Bank, is subleasing the office space from OnPoint LP. Jay Ballou, a WorkplaceUSA senior vice president, and Audrey Cauthen, a senior associate in its tenant brokerage group, acted on Chase's behalf. John Taylor of Trammell Crow Co.'s San Antonio office represented OnPoint.
Chase will occupy the entire one-story building. Work has begun on the retrofit and the office accommodations should be ready in August. The retrofit will make the facility more efficient and create more usable space, Ballou tells GlobeSt.com. It could handle up to 600 workers. Ballou declined to say how long the sublease runs.
OnPoint used the facility as a call center for American Airlines. It closed the center in September 2001 when American made cut backs to cut costs.
"We've done several short-term leases for them in the past that ended up feeding into the phase one building at Westover Hills," Ballou says. "We also did all of the site selection, design and construction to build that facility."
In looking for Chase's site, WorkPlaceUSA found few choices, Ballou says. "It was a project that had pretty specific need and it's a sizable requirement in a market that didn't have a lot of options," he says. Prospective properties were eliminated because of a lack of parking, their location and infrastructure, he said.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
