CBRE has won the exclusive marketing assignment for Bank of America Plaza, a premier core Class A office building in San Antonio’s Central Business District. The property is owned by Talcott Realty Investors and managed by Transwestern.
The 28-story, 534,184-square-foot office building is located at 300 Convent Street in San Antonio. It features the highest quality finishes and amenities among its peers in the CBD, including a marble and granite lobby with live pianist, fitness facility, deli, lobby coffee shop, full-service banking and structured parking.
Designed by the Houston office of Skidmore, Owings and Merrill, the high-rise office tower opened in 1984 as Interfirst Bank Plaza. It’s the largest office building in San Antonio and the sixth tallest.
Bank of America Tower is 91% leased to a core base of longstanding credit tenants, providing long-term financial security for the investor. In addition, tightening San Antonio CBD Class A fundamentals help accelerate rent growth for the asset and create tremendous upside potential.
“The City of San Antonio is actively recruiting and retaining quality companies for the center city, and only approximately 200,000 square feet of Class A office space is available for lease in the CBD. Bank of America Plaza is a unique opportunity to acquire a stable, core Class A asset in an active, tight submarket,” said Todd Mills, an Executive Vice President with CBRE Institutional Properties, who is marketing the asset for sale.
The project is in close proximity to rapidly growing destinations like the Museum District and the Pearl—a 22-acre culinary and entertainment mixed-use development—as well as the San Antonio Convention Center, the River Walk and the Bexar County Courthouse.