{"id":1004742959,"date":"2025-01-13T04:06:45","date_gmt":"2025-01-13T12:06:45","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004742959"},"modified":"2025-01-13T05:34:28","modified_gmt":"2025-01-13T13:34:28","slug":"kbs-sells-san-antonio-office-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/kbs-sells-san-antonio-office-asset\/","title":{"rendered":"KBS Sells San Antonio Office Asset"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/Fountainhead-Tower.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"750\" data-attachment-id=\"1004742964\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/kbs-sells-san-antonio-office-asset\/fountainhead-tower\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/Fountainhead-Tower.jpg\" data-orig-size=\"1000,750\" 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;0&quot;}\" data-image-title=\"Fountainhead Tower\" data-image-description=\"&lt;p&gt;Exterior shot of Fountainhead Tower, the 10-story office building in San Antonio, Texas. The mid-rise is surrounded by trees and has a glass fa\u00e7ade.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Fountainhead Tower went through a capex improvement program in 2017, which included a new conference center. Image courtesy of CommercialEdge&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/Fountainhead-Tower.jpg?w=1000\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/Fountainhead-Tower.jpg\" alt=\"Exterior shot of Fountainhead Tower, the 10-story office building in San Antonio, Texas. The mid-rise is surrounded by trees and has a glass fa\u00e7ade.\" class=\"wp-image-1004742964\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/Fountainhead-Tower.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/Fountainhead-Tower.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/Fountainhead-Tower.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><figcaption class=\"wp-element-caption\">Fountainhead Tower underwent a capex improvement program in 2017.<em> Image courtesy of CommercialEdge<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>KBS Realty Advisors has sold Fountainhead Tower, a 179,932-square-foot office building in San Antonio. A partnership organized and managed by SynerMark Properties Inc. acquired the asset.<\/p>\n\n\n\n<p>Cushman &amp; Wakefield represented KBS in the transaction. Greenberg Traurig worked as legal counsel on behalf of the seller.<\/p>\n\n\n\n<p>The property previously traded in October 2006, when KBS acquired it from American Realty Advisors, CommercialEdge information shows.<\/p>\n\n\n\n<p>Located at 8200 Interstate 10 W., the property is close to multiple retail destinations and a medical campus. Downtown San Antonio is 10 miles away, while the San Antonio International Airport is 7 miles east.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/office-sector-outlook-2025\/\">What\u2019s Defining Office in 2025?<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The office vacancy rate in San Antonio was at 18.8 percent by the end of 2024, a CBRE report shows. Meanwhile, the market&#8217;s overall asking rates reached historic highs at $28.71 per square foot, marking a 3.3 percent increase year-over-year<\/p>\n\n\n\n<p>Major <a href=\"https:\/\/www.commercialsearch.com\/news\/quality-is-the-future-of-office-says-kbs-executive\/\">Texas office markets<\/a> continue to perform well thanks to strong population growth and corporate migration, KBS&#8217; Giovanni Cordoves told <em>Commercial Property Executive<\/em> in an earlier interview.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-an-upgraded-office-tower\">An upgraded office tower<\/h2>\n\n\n\n<p>Completed in 1985, Fountainhead Tower rises 10 stories and has floorplates averaging 18,783 square feet. The building underwent renovations in 2017, which included a new conference center. Other amenities at the almost 6-acre property are four passenger elevators, a 627-space parking garage, an exterior courtyard garden with a golf putting green, a deli, outdoor seating areas and bike storage.<\/p>\n\n\n\n<p>The Class A building\u2019s tenant roster includes COMBS Consulting Group, U.S. Navy Officer Recruiting, South Texas Healthcare Alliance, Transwestern and Marcus &amp; Millichap, according to CommercialEdge.<\/p>\n\n\n\n<p>Cushman &amp; Wakefield Executive Managing Director Todd Mills and Director Hunter Mills represented KBS in the transaction. The Greenberg Traurig team comprised attorneys Bruce Fischer, Howard Chu and Tina Ross, as well as paralegal Amanda Kennedy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The property previously traded in 2006. <\/p>\n","protected":false},"author":3355,"featured_media":1004742964,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21742,21747,1607,51973],"tags":[32799,37836,35334],"class_list":["post-1004742959","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-latest","category-office","category-san-antonio","category-southwest","tag-cushman-wakefield","tag-greenberg-traurig","tag-kbs-realty-advisors"],"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>KBS Sells San Antonio Office Asset - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"KBS Realty Advisors sold Fountainhead Tower, an office building in San Antonio, to a partnership organized by SynerMark Properties.\" \/>\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\/kbs-sells-san-antonio-office-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KBS Sells San Antonio Office Asset\" \/>\n<meta property=\"og:description\" content=\"KBS Realty Advisors sold Fountainhead Tower, an office building in San Antonio, to a partnership organized by SynerMark Properties.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/kbs-sells-san-antonio-office-asset\/\" \/>\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=\"2025-01-13T12:06:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-13T13:34:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/Fountainhead-Tower.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Vicentiu Fusea\" \/>\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\/kbs-sells-san-antonio-office-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/kbs-sells-san-antonio-office-asset\/\",\"name\":\"KBS Sells San Antonio Office Asset - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/kbs-sells-san-antonio-office-asset\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/kbs-sells-san-antonio-office-asset\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/Fountainhead-Tower.jpg\",\"datePublished\":\"2025-01-13T12:06:45+00:00\",\"dateModified\":\"2025-01-13T13:34:28+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6f90c90d1e85956f06679ddabc844412\"},\"description\":\"KBS Realty Advisors sold Fountainhead Tower, an office building in San Antonio, to a partnership organized by SynerMark Properties.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/kbs-sells-san-antonio-office-asset\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/kbs-sells-san-antonio-office-asset\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/kbs-sells-san-antonio-office-asset\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/Fountainhead-Tower.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/Fountainhead-Tower.jpg\",\"width\":1000,\"height\":750,\"caption\":\"Fountainhead Tower went through a capex improvement program in 2017, which included a new conference center. 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