USAA Real Estate Co. acquires One Riverwalk Place
San Antonio–based USAA Real Estate Co. has acquired One Riverwalk Place, a 261,633-square-foot office property located in its own backyard. The 18-story, multi-tenant building is located in San Antonio’s central business district, and was sold by Boston-based Winthrop Realty Trust, which held the property through its Concord Debt Holdings CDO venture. A sales price was not disclosed.
USAA also holds another San Antonio office building in its portfolio, the 131,000-square-foot Colonnade Centre. In addition, the firm recently announced plans to break ground on WestRidge at La Cantera, a 42-acre master-planned office development in San Antonio that will include four buildings, each consisting of approximately 128,700 square feet of class A office space. WestRidge One will be the first of the buildings to rise with construction slated to start in the fourth quarter 2013.
One Riverwalk Place went through for