Why Office Buyers Love San Antonio

San Antonios office market may be the wallflower at the CRE dance, but dont despair: This gal may have some suitors. The fully leased 102k SF Brookhollow Park was just snapped up and had a long line of investors hoping to get a twirl.

Transwestern Central Texas investment services group managing director Leah Gallagher (who repped the seller, Grosvenor International, with Alan Grilliette and Hale Umstattd) tells us within 42 days of listing the property at 911 Central Parkway North, there was an undisclosed buyer; itclosed 28 days later. Why the love? Buyers are getting priced out of Houston and Austin, Leah tells us. Its proximity to the Eagle Ford shale, the bilingual workforce, and pricing are especially appealing to private equity, institutional investors, and international buyers. Expect a larger volume of sales out of San Antonio in 13, she says.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Austin - San Antonio Newsletters
Related Stories

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI

America's War Machine Is Growing, Sparking A Defense Real Estate Boom

Boca Raton's New Leaders Throwing 'All Kinds Of Curveballs' At Developers

Ryan Cos. Secures Permit For Austin's Sixth Street Redevelopment

CBRE Posts 16% Revenue Growth In Q2 As Data Center Business Shines

How Metropolis Is Bringing Parking Into The Future With AI And Recognition Technology