Radler Snags 100 KSF San Antonio Office Property
- Oct 09, 2017
CBRE Capital Markets’ Institutional Properties arranged the sale of a 100,260-square-foot recently constructed office property in San Antonio. Radler Enterprises acquired the asset from SRP Holdings I LLC for an undisclosed price. Vice Chairman Gary Carr and Senior Vice President John Alvarado of CBRE and Cushman & Wakefield’s Todd Mills and Hunter Mills arranged the deal on behalf of the seller.
Built in 2017, the Class A office building occupies nearly 14 acres at 3301 North Ellison Drive, with easy access to the Raymond E. Stotzer Freeway. It is fully leased through April 2027 to a single tenant. Amenities include a full-service cafeteria, outdoor patio with cooking stations, multiple conference rooms, fitness center, wellness clinic, wooded walking/running trail, and on-site parking.
“This is a very unique investment that offered significant credit and new construction quality in the dynamic and highly sought-after San Antonio office market,” Alvarado said in prepared remarks. “We are pleased to have worked with the buyer and seller in a highly collaborative transaction that validated our ability to bridge capital across the state of Texas.”
Image courtesy of CBRE