{"id":1004630381,"date":"2022-11-17T03:10:14","date_gmt":"2022-11-17T11:10:14","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004630381"},"modified":"2023-04-19T02:40:28","modified_gmt":"2023-04-19T10:40:28","slug":"spectrum-expands-san-antonio-office-footprint","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/spectrum-expands-san-antonio-office-footprint\/","title":{"rendered":"Spectrum Expands San Antonio Office Footprint"},"content":{"rendered":"<div id=\"attachment_1004630393\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/Building-B-Crosswinds-Business-Park-e1668682778481.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004630393\" data-attachment-id=\"1004630393\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/spectrum-expands-san-antonio-office-footprint\/building-b-crosswinds-business-park\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/Building-B-Crosswinds-Business-Park-e1668682778481.jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;\\u00a9 Yardi Systems, Inc.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Building B Crosswinds Business Park\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Crosswinds Business Park building B&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/Building-B-Crosswinds-Business-Park-e1668682778481.jpg?w=800\" class=\"wp-image-1004630393 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/Building-B-Crosswinds-Business-Park-e1668682778481.jpg?w=300\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/Building-B-Crosswinds-Business-Park-e1668682778481.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/Building-B-Crosswinds-Business-Park-e1668682778481.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/Building-B-Crosswinds-Business-Park-e1668682778481.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004630393\" class=\"wp-caption-text\">Crosswinds Business Park, Building B<\/p><\/div>\n<p>Communications firm <strong>Spectrum <\/strong>has signed a lease renewal and expansion at Crosswinds Business Park&#8217;s Building B, in the Northeast submarket of San Antonio. The 87,597-square-foot commitment brought the office property, owned by <strong>Briar Meads Capital<\/strong>, to 100 percent occupancy.<\/p>\n<p>The deal is one of the largest lease transactions completed in the Northeast submarket in 20 years. <strong>Transwestern Real Estate Services<\/strong> Vice President Charlie Weil and Vice President Luis Garza worked on behalf of the landlord.<\/p>\n<p><a href=\"https:\/\/apps.commercialcafe.com\/broker\/content\/#!\/propertyDetails\/61642\">CommercialEdge data<\/a> shows that Spectrum previously occupied 69,000 square feet at the property. The 94,599-square-foot asset came online in 1999 at 11826 Tech Com Way.&nbsp;The LEED Silver-certified building is some 13 miles from downtown San Antonio, just north of Interstate 35.<\/p>\n<hr>\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/what-corporate-americas-new-office-looks-like\/\" target=\"_blank\" rel=\"noopener\">What Corporate America&#8217;s New Office Looks Like<\/a><\/p>\n<hr>\n<p>According to a recent <a href=\"https:\/\/www.us.jll.com\/en\/trends-and-insights\/research\/office-market-statistics-trends\/san-antonio\" target=\"_blank\" rel=\"noopener\">JLL office report<\/a>, the San Antonio market improved in the third quarter of this year after seeing some 500,000 square feet of occupancy loss in the first half of 2022. The metro witnessed nearly 52,000 square feet of positive absorption in Q3; however, the vacancy rate remained high at 17.9 percent.<\/p>\n<p>In one of the more significant deals of the year, <a href=\"https:\/\/www.commercialsearch.com\/news\/morgan-stanley-signs-28-ksf-lease-at-san-antonio-development\/\" target=\"_blank\" rel=\"noopener\">Morgan Stanley and Embrey Partners<\/a> signed new leases, totaling 53,000 square feet, at a newly completed development. The property is north of Midtown, one of San Antonio\u2019s most active submarkets with more than 73,000 square feet of occupancy gains in 2022, JLL research shows.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Transwestern arranged one of this submarket\u2019s largest leases in 20 years.<\/p>\n","protected":false},"author":3006,"featured_media":1004630393,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,21747,21785,1607,51973],"tags":[51092,32779,33313],"class_list":["post-1004630381","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-office","category-property-management","category-san-antonio","category-southwest","tag-briar-meads-capital","tag-leed","tag-transwestern"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Spectrum Expands San Antonio Office Footprint - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Owned by Briar Meads Capital, the building is fully leased. The deal is one of the largest lease transactions in its submarket in 20 years.\" \/>\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\/spectrum-expands-san-antonio-office-footprint\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spectrum Expands San Antonio Office Footprint\" \/>\n<meta property=\"og:description\" content=\"Owned by Briar Meads Capital, the building is fully leased. The deal is one of the largest lease transactions in its submarket in 20 years.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/spectrum-expands-san-antonio-office-footprint\/\" \/>\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=\"2022-11-17T11:10:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-19T10:40:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/Building-B-Crosswinds-Business-Park-e1668682778481.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jordana Rothberg\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/spectrum-expands-san-antonio-office-footprint\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/spectrum-expands-san-antonio-office-footprint\/\",\"name\":\"Spectrum Expands San Antonio Office Footprint - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/spectrum-expands-san-antonio-office-footprint\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/spectrum-expands-san-antonio-office-footprint\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/Building-B-Crosswinds-Business-Park-e1668682778481.jpg\",\"datePublished\":\"2022-11-17T11:10:14+00:00\",\"dateModified\":\"2023-04-19T10:40:28+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/366883c93fc1efde412301ab6a4570f9\"},\"description\":\"Owned by Briar Meads Capital, the building is fully leased. 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