It’s very unlikely we’ll see more Class-A office built in Downtown San Antonio, says Transwestern executive managing director Larry Mendez, but rents are leaping and he expects occupancy will stay strong. Larry represents IBC Centre (370k SF) and Bank of America Plaza (540k SF): Three years ago, one was empty and the other was 60% full. Now, both are over 90% occupied. Most recently, he completed an 11k SF lease to Silver Spring in Bank of America. Plus, he tells us he’s got two more deals working Downtown, each larger than Silver Spring. In fact, for the first time, he’s seeing groups who are considering Downtown exclusively. He's pictured with VP Amber Austin.
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