By Anca Gagiuc
Commercial real estate developer R.L. Worth & Associates leased 54,000 square feet of office space to Ernst & Young at Farinon Business Park, a flex office development that will total 186,437 square feet upon completion.
The property is a three-building office complex located northwest of downtown in the master-planned business community of University Business Park, near The University of Texas at San Antonio. Farinon will occupy a 21-acre site and will feature a Hill Country landscape with native oak trees and outdoor seating, up to 7/1,000 parking ratio, convenient ingress and egress to IH-10, De Zavala Road and Huebner Road. moreover, the location is minutes away from the South Texas Medical Center and 11 miles from the San Antonio International Airport.
“We are extremely excited about this major lease, not only for its implications for our company, but also for the economic development opportunities it carries for the city of San Antonio,” R.L. Worth Senior Vice President of leasing Rick Littleton said in a prepared statement. “EY selected San Antonio for its new campus after a multi-market search, and they chose Farinon Business Park primarily because of its proximity to the pipeline of financial services talent coming out of UTSA.”
Ernst & Young will occupy the entire second floor of Building II, currently under construction, which will be a two-story class A office building with 102, 699 square feet. About 48,500 square feet are still available for lease in Building II. Building III is currently in the planning stage and consists of a two-story class A building with 84,890 square feet, which will start construction during the first quarter of 2018 and slated for delivery in the spring of 2019.
“EY’s Financial Services Organization (FSO) is excited to announce a new San Antonio-based client service delivery center that will bring technology, business process support and other professional services to our clients,” added Bucky Feagans, executive director of EY’s service delivery centers. “The Farinon Business Park offers EY a great space to build out EY@Work, the firm’s workplace model. The new space will provide a work environment to promote teaming and collaboration among our people.”
EY’s U.S. headquarters was recently relocated to Brookfield Property Group’s One Manhattan West in New York City, where it will occupy 17 floors.
Images courtesy of R.L. Worth & Associates