October 29, 2020
Houston-based Serac Capital Allies obtained Fountainhead Park I and II, 2 three-story Class A multi-tenant office complex in San Antonio’s Northwest submarket. The buildings, representing Serac’s initial acquisition in the region, complete 171,205 square feet and also are 94% rented.
Wm. Roger Gregory, Serac’s Chief Executive Officer, claimed, “Fountainhead Park will certainly give a solid foothold in a growing market that is often overlooked by financiers. Along with strong structure principles, we have the ability to make use of a COVID-19 discount and superb financial institution financing.”
The Transwestern Capital Markets team representing the vendor was led by Leah Gallagher, Hale Umstattd and also Scott Myers. Kelly Ralston and Larry Mendez, likewise of Transwestern, will proceed to lease the buildings.
Endura Advisory Team will certainly remain to offer property administration. Financial debt and also equity were organized by Arnie Azios and Larry Schanzmeyer with The Houston Group/Realty Advisors, Inc. Woodforest National Financial institution provided the financial obligation funding.
Picture courtesy of Transwestern.
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