USAA Real Estate Co., the real estate arm of USAA, acquired One Riverwalk Place at 700 N. Saint Mary's St. in downtown San Antonio, TX.
Constructed in 1981, the Class A, 261,431-square-foot office complex is situated on the banks of the San Antonio River, adjacent to the recently renovated Havanna Hotel and the Southwest School of Art in San Antonio's central business district.
The Energy Star certified property boasts a four-story atrium, full-service cafe, on-site dry cleaning drop and pick-up, Wi-Fi access in the lobby, and a tenant work-out facility with a River Walk view.
"We’re pleased with this investment because we’re not just investing in any downtown - we’re investing in USAA’s home town," said USAA CEO Joe Robles. "This city continues to shine as one of the nation’s fastest growing cities in terms of population and job growth. We’re looking forward to contributing to the ongoing efforts to create a vibrant and living downtown."
The selling entity is Winthrop Realty, an affiliate of New York-based Apollo Real Estate Advisors.
Jason Adkison and Christi Griggs of Peloton Commercial Real Estate
negotiated on behalf of USAA.
Please see CoStar Comp #2825116 for additional information on the transaction.