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| Highpoint Towers, 8401 and 851 Datapoint Drive, San Antonio, TX |
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| Kelsey A. Roop |
AUSTIN, TX – HFF announced it has closed the sale of Highpoint
Towers, two 11-story office towers totaling 301,118 square feet adjacent to
the south Texas Medical Center in San Antonio, Texas.
HFF
marketed the asset on behalf of the seller, DNA Partners. The property was purchased for an
undisclosed amount.
Highpoint Towers is situated on a 13.06-acre site in San Antonio at 8401
and 8515 Datapoint Drive, which is accessible from three major highways: Interstate 10, Loop 410 and Loop 1604.
The assets are located in the northwest
office submarket adjacent to the South Texas Medical Center, a 900-plus-acre
campus with five medically-related institutions, 12 hospitals and one higher
education institution.
The project boasts 360-degree views of the San Antonio
skyline and Hill Country atop the highest point in San Antonio. The new ownership plans extensive
renovations to the project, including upgrading the lobbies, exterior
aesthetics, elevators and bathrooms.
The
HFF investment sales team representing the seller was led by managing director John
Taylor, associate director Kelsey Roop and real estate analysts
Patrick McCord and Ryan McBride.
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| John Taylor |
“We are excited that, by selling the last office property in
DNA Partner’s portfolio, it will provide them the opportunity to focus on
continuing to grow an already well-established ‘pure’ retail portfolio,” Taylor
said.
“In addition, this is a great
opportunity for a new strong office operator to enter the San Antonio market
and create significant new value on one of the largest office properties in the
market.”
DNA Partners acquires and manages commercial properties in
select markets with strong demographics and economic drivers. Since its inception in 2002, DNA has
purchased more than 1.3 million square feet.
DNA’s criterion includes high growth markets, below-market rents or
expansion potential, strong sales, significant linear frontage for maximum
visibility and reasonable potential for capital appreciation through management
and leasing opportunities.
Learn more at www.dnapartners.com.
For a complete copy of the company’s news release, please
contact:
Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
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