Posted Nov 3, 2014, 7:10 PM
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Loving SA 365 days a year
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Join Date: Feb 2007
Location: San Antonio
Posts: 3,891
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SAN ANTONIO'S FIRST 100 MILLION DOLLAR TOWER SALE LOOMING
Quote:
A pending contract for the sale of Bank of America Plaza will set a new record for the price of a downtown office tower in San Antonio, with the Houston buyers reportedly paying more than $100 million.
Bank of America Plaza, located at 300 Convent St., is the city’s sixth tallest building at 28 stories and largest Class A office space with 533,171 sq. ft. It opened in 1984 as Interfirst Bank Plaza. Tenants include the Bank of America, OCI Solar, and some of the city’s most prominent law firms, including Aiken Gump Strauss Hauer & Feld; Norton Rose Fulbright; and Martin & Drought.
At nearly $200 per sq. ft., the unconfirmed price cited by local commercial real estate brokers who are not part of the transaction, the building would be valued at more than $100 million, far and away the highest price ever paid for a downtown office tower in San Antonio.
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