 |
Lindsey Tucker
|
SAN ANTONIO, TX – KBS, one
of the largest owners and operators of premier commercial real estate buildings
in the nation, announces that it has signed a new 44,258 square-foot lease
agreement with Wells Fargo at City View,
bringing the 221,373 square-foot Class A office building in San Antonio, Texas
to 96% leased. |
| Mark McGranahan |
Lindsey Tucker,
partner with Partners Real Estate represented KBS in the lease transaction. Mark
McGranahan, principal with Avison Young and Steve Garza, partner
with Partners Real Estate represented Wells Fargo.
 |
Steve Garza
|
“City View is a UL Verified Healthy
Building for Indoor Air, is Energy Star certified, and has achieved WiredScore
Gold status, which makes a meaningful difference for tenants who are
increasingly focused on sustainability,” says Tucker. “The fact that City View
is also located near transportation, shopping, dining and entertainment adds to
its allure for San Antonio companies.”City View, a 221,373 square-foot Class A office building in San Antonio, TX is 96% leased.
The transaction demonstrates the appeal
of well-located premier office properties in key markets, according to Giovanni
Cordoves, Regional President, Western U.S.
While challenges in the general economy
and areas of the office sector persist across the country and in San Antonio,
KBS is observing positive signs in the area,” says Cordoves.
“The region boasts a diverse economy
that is balanced among major industries such as higher education, health &
bioscience, information technology & cybersecurity, government and
financial activities.
San Antonio’s vacancy rate and asking rent is lower than
all Texas markets and
the national average for office product. City View is ideally situated in this
market to attract top office-using companies.”
Built in 1986, City View is a 10-story
office building with an additional partially below-grade ground floor and a
five-level parking structure.
 |
Brett Merz
|
The property, with its outstanding
location at the corner of Interstate 10 and Huebner in northwest San Antonio,
offers direct access to several major area highways including Loop 1604 and
Loop 410. City View is also close to many of the area’s largest employers as
well as premier residential areas including Bentley Manor, Huntington,
Inverness, Shavano Park and The Dominion, notes Brett Merz, asset
manager for City View and senior vice president of KBS.
“City View tenants appreciate that they
can work at one of the finest office properties in the market and drive to San
Antonio International Airport, San Antonio Downtown and the Riverwalk, the
Shops at La Cantera and the University of Texas Health Science Center in 15
minutes or less,” says Merz.
 |
Giovanni Cordoves
|
With world-class on-site amenities
including a fitness center, a state of the art conference center and bike
storage, this property offers everything today’s companies are looking for in a
San Antonio office building.”
 |
John McCauley
|
While
multiple Wells Fargo business groups will join the bank’s Wealth Investment
& Management (WIM) group at the new location in 2024, WIM will not move
until the end of next year, according to John McCauley, Wells Fargo Advisors Managing
Director for South Texas.
Contact:
Arleeny Escarcega
aescarcega@thesmartagency.com
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