Kennedy Wilson Heads Lease Agreement at South Texas Medical Center

By Anca Gagiuc, Associate Editor

One Technology Center

San Antonio—Real estate investment company Kennedy Wilson represented Hartman Income REIT Management Inc. on a lease agreement with Galen College of Nursing to expand to nearly 68,000 square feet at the 14-story office building One Technology Center. The financial details were not disclosed.

Suzanne Havekost, managing director of leasing and brokerage, represented the landlord and negotiated directly with the tenant on the transaction.

“This transaction was years in the making and resulted in the most ideal scenario for both landlord and tenant,” said Havekost. “One Technology Center is situated in a prime location within the renowned 900-acre South Texas Medical Center, making it an ideal space for a nursing college like Galen, dedicated to supporting the increasing demand in the local healthcare community, to grow. San Antonio is hot right now, and we’re looking forward to continually strengthening our deep-rooted relationships with building owners and managers, like Hartman, across the market.”

Private nursing school Galen College of Nursing first leased 24,000 square feet at One Technology Center in 2008 and extended to approximately 41,800 square feet in the next few years, while still keeping an extended campus less than three miles away at 4440 Piedras Drive South in San Antonio. Now both will be located at One Technology Center at 7411 John Smith Drive.

“Hartman strategically focuses on partnering with entities that further our goal of creating value for our investors,” said Al Hartman, CEO of Hartman. “It was a pleasure working with Kennedy Wilson on this transaction.”

Other tenants include the Veterans Administration, University of Texas Health Science Center South, BSG and Progressive Insurance.