David Ballard of the San Antonio office of Grubb & Ellis Co. acted for Kwik Copy in negotiating the renewal. The building owner is Cambridge Realty Group, which is based in San Antonio.
The 46,000-sf building, constructed in 1965, is about 65% occupied. Cambridge has the building on the market for $3.4 million.
The San Antonio CBD had a vacancy rate of 15.3% at the end of 2002. That compares to a suburban rate of 20.9%. Class B building rents in the downtown area averaged $15.25 per sf, according to a Grubb & Ellis survey. The class A rent averaged $22.75 per sf.
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.
