{"id":1004094177,"date":"2014-04-07T06:21:10","date_gmt":"2014-04-07T14:21:10","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=251909"},"modified":"2022-12-03T12:11:36","modified_gmt":"2022-12-03T20:11:36","slug":"san-antonios-shavano-centre-iii-listed-for-sale-through-marcus-millichap","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/san-antonios-shavano-centre-iii-listed-for-sale-through-marcus-millichap\/","title":{"rendered":"San Antonio&rsquo;s Shavano Centre III Listed For Sale Through Marcus &amp; Millichap"},"content":{"rendered":"<p style=\"text-align: justify\"><em>By Anca Gagiuc, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify\">Marcus &amp; Millichap recently announced it has been chosen by a San Antonio developer to market for sale the office building known as Shavano Center III. Scott Ryan, an associate vice president for investment, is heading the effort. The property is listed for $12.5 million, or $197 per square foot.<\/p>\n<p style=\"text-align: justify\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/Shavano-Center-III.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-251910\" title=\"Shavano Center III\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/Shavano-Center-III.jpg\" alt=\"\" width=\"300\" height=\"201\" \/><\/a>\u201cShavano Center III is stabilized at 100 percent occupancy,\u201d said Ryan in a news release. \u201cThe property is an attractive, well-placed asset with a varied tenant mix and staggered rollover.\u201d<\/p>\n<p style=\"text-align: justify\">The asset is located in the Far North submarket, at 3619 Paesanos Parkway, between Interstate Highway 10 and U.S. Highway 281. Built in 2007, it totals 63,501 square feet on three stories. The 3.29-acre, park-like\u00a0property features mature oak trees; the building is constructed from concrete tilt wall panels with stone veneer, encasing a steel frame. Shavano Center III features a security surveillance system with 24-hour card key access, and tenants have control of HVAC and electricity. Surrounding retail and entertainment establishments include The Shops at La Cantera, The Westin Resort, The Rim and the Six Flags Fiesta Texas.<\/p>\n<p style=\"text-align: justify\">According to Marcus &amp; Millichap, San Antonio\u2019s office market will go through some positive changes throughout 2014. Vacancy will fall to 13.8 percent, as a sign of employment growth and consequently of additional investor interest. Rents will go up 2.7 percent, following last year&#8217;s increase of 0.3 percent. Sales are also looking up, as institutional investors and REITs gain interest in newer, multi-tenant and sale-leaseback opportunities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Marcus &amp; Millichap recently announced they&rsquo;ve been chosen by a San Antonio developer to market for sale the office building known as Shavano Center III. Scott Ryan, an associate vice president investment is responsible with the transaction. The listing&rsquo;s price is $12.5 million, $197 per square foot.<\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1607],"tags":[1815,39471],"class_list":["post-1004094177","post","type-post","status-publish","format-standard","hentry","category-latest","category-san-antonio","tag-national","tag-san-antonio"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>San Antonio&rsquo;s Shavano Centre III Listed For Sale Through Marcus &amp; Millichap - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/san-antonios-shavano-centre-iii-listed-for-sale-through-marcus-millichap\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"San Antonio&rsquo;s Shavano Centre III Listed For Sale Through Marcus &amp; Millichap\" \/>\n<meta property=\"og:description\" content=\"Marcus &amp; Millichap recently announced they&rsquo;ve been chosen by a San Antonio developer to market for sale the office building known as Shavano Center III. Scott Ryan, an associate vice president investment is responsible with the transaction. The listing&rsquo;s price is $12.5 million, $197 per square foot.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/san-antonios-shavano-centre-iii-listed-for-sale-through-marcus-millichap\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-04-07T14:21:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-03T20:11:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/Shavano-Center-III.jpg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/san-antonios-shavano-centre-iii-listed-for-sale-through-marcus-millichap\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/san-antonios-shavano-centre-iii-listed-for-sale-through-marcus-millichap\\\/\"},\"author\":{\"name\":\"Anca Gagiuc\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"headline\":\"San Antonio&rsquo;s Shavano Centre III Listed For Sale Through Marcus &amp; 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