SAN ANTONIO, TX – Transwestern's San Antonio office today announced it brokered an 11,156-square-foot lease with Alamo 1, bringing IBC Bank to 100 percent occupancy. The IBC Bank building is located at 12400 San Pedro in San Antonio’s North Central submarket.
Due to its desirable geographic position along U.S. Highway 281 and its proximity to the airport, the North Central submarket remains a hotbed of activity with some of the highest traffic counts in the city. The submarket also offers opportunities for quality office space with nearly 220,000 square feet of Class A and B office space expected to deliver by year-end.
“Alamo 1 contacted us and expressed a desire to locate on the 281 corridor to preserve the proximity to its customer base," said Scott Wolff, associate vice president with Transwestern. ”Our ability to move quickly, the Class A office space finish-outs and IBC Bank’s location were key in Alamo 1’s decision.”
A San Antonio-based company, Alamo 1 is a full service environmental contractor that specializes in industrial construction, demolition, technical services and waste transportation. Alamo 1 began as a commercial demolition company serving the Central Texas region. Today, Alamo 1 has expanded operations to include all of Texas and the Gulf Coast. Some of its clients include Brooks Development Authority, H-E-B, TXDot, Toyota and Valero.
Wolff and Larry Mendez, executive managing director, represented the building owner. Jeff Miller of Travis Commercial Real Estate represented the tenant.
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Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, development, research and sustainability. The fully integrated enterprise leverages operating competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. Transwestern facilitates better decision-making for clients by combining penetrating local market intelligence and macro-market research through its affiliate, Delta Associates. Transwestern has 33 U.S. offices and assists clients through more than 180 offices in 36 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit www.transwestern.net and follow us on Twitter: @Transwestern. Follow Transwestern’s San Antonio office on Twitter: @TranswesternSAT.