Iconic San Antonio office building sold to foreign company

Editor’s Note: This story was published through a partnership between KSAT and the San Antonio Business Journal.

One of San Antonio’s most recognizable office buildings has just changed ownership.

A Cleveland-based subsidiary of Boyd Watterson Asset Management linked to its Chicago office acquired The Pyramid at 601 NW Loop 410 near San Antonio International Airport for an undisclosed price, according to a deed filed with the County of Bexar.

The seller was Taurus Investment Holdings, a Boston-based global real estate private equity firm. JLL put the 220,820 square foot property up for sale in August.

Although the sale price is unknown, the 6-acre property was last valued at $ 37.4 million, according to the Bexar County Valuation District.

Scott Ferguson of the local Stream Realty Partners office will handle the rental of the building, which is available to tenants looking for 2,025 to 13,615 square feet of space. Sharlyne Friedrich and Angie Bustamante, also at Stream, will lead property management.

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“This is an exciting opportunity to work on such an iconic building in San Antonio,” Ferguson said in a prepared statement. “We look forward to bringing new businesses to one of the city’s most in-demand areas to grow their businesses.”

In the past five years, the building has undergone renovations of more than $ 1.4 million, according to JLL. Recent changes include refreshed common areas and a new exterior lighting system. Boyd Watterson has yet to announce any further renovation plans, according to a spokesperson for Stream.

Built in 1980, the building once served as the headquarters of the now defunct San Antonio Savings Association, according to the Express-News.

Click here to read the full article in the San Antonio Business Journal.

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