KBS closed the sale of Fountainhead Tower, a 179,932-square-foot Class-A office property in the Northwest submarket of San Antonio, Texas.
Home to a mix of regional and national tenants, the property was sold to a partnership organized and managed by SynerMark Properties Inc., a full-service real estate investment and services firm based in Austin, Texas.
KBS implemented an extensive multimillion-dollar renovation in 2017. On-site amenities include an exterior courtyard garden with a golf putting green with music and wifi, on site security, digital directories, a deli, high-quality outdoor seating areas with natural landscape, and Texas limestone accents, a new conference center that provides tenants with access to refreshments, flat screen TV for presentations, and option for large conference table or training table configurations. The amenities package also includes bike storage and an on-site bank.
Fountainhead Tower is located approximately 10 miles northwest of downtown and just minutes from the San Antonio International Airport. The building sits on a 5.6-acre parcel beside the I-10 Freeway close to the 410 Loop for easy accessibility. An adjacent five-level, 627-space parking garage accompanies the property.
Todd Mills, executive managing director, and Hunter Mills, director of Cushman & Wakefield represented KBS in the sale transaction.
Attorneys Bruce Fischer, Howard Chu, and Tina Ross, and paralegal, Amanda Kennedy, of global law firm Greenberg Traurig, LLP’s Orange County and Texas offices represented KBS as legal counsel in the disposition.
