SAN ANTONIO (December 19, 2020) – Stream Realty Partners (Stream), a national real estate services, development, and investment company, has brokered the sale of University Park Tech Center III and IV, located at 5800 Farinon Drive and 5959 Northwest Parkway in San Antonio, Texas. Stream facilitated the 165,007-square-foot office disposition on behalf of the seller, Clarion Partners, to University Health System (UHS).
Located in the University Park submarket, these two class A, single-story office buildings combined make up the largest office trade in San Antonio during 2020. Despite a global pandemic and little to no building sales occurring, Stream advised Clarion Partners on a transaction that allowed them to execute their investment strategy.
Offering quick access to IH-10 and Loop 1604, University Park consists of four million square feet of primarily single-story office buildings and is home to many Fortune 500 occupants, including Ernst & Young, Becton Dickinson, H-E-B, Accenture, SWBC, United HealthCare, Harland Clarke and WellMed. With a prime location in the heart of this submarket, University Park Tech Center III and IV provide University Health System the ability to house their administrative functions outside of much needed clinical space in their numerous area hospitals.
Kevin Cosgrove and Scott Ferguson of Stream represented Clarion Partners in the transaction, while Ken Adams and Chad Gunter of Transwestern represented UHS.
“We are proud to have assisted Clarion Partners in marketing the properties and fulfilling their disposition strategy in a timely fashion,” said Kevin Cosgrove, Vice President at Stream. “We believe the appeal of the location and high quality of the buildings further enhanced their desirability, even in these unprecedented and uncertain times.”
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