SAN ANTONIO—Labeling San Antonio has having a flurry of activity is appropriate as the holiday flurry is in full force and year end quickly approaches. The deal pace here is indeed fast and furious, and the city is poised for another great year as one of the most active metro areas in the nation.
Strategic investments for value-add opportunities are earmarks of the region's strong economic environment and projected market growth. Not to be outdone is leasing activity, which also continues to hum along.
In office acquisition news, WestRidge at La Cantera, a two-building class-A office campus totaling 258,031 square feet, was recently sold. The Holliday Fenoglio Fowler LP team marketed the property on behalf of the seller, USAA Real Estate. Preferred Office Properties, an indirect wholly owned subsidiary of Preferred Apartment Communities Inc., purchased the assets for an undisclosed amount. Additionally, working on behalf of the new owner, the HFF team placed the 11-year 4.1% fixed-rate acquisition loan with Allianz Real Estate of America LLC.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
