Lockhill Crossing Office Building Sells to Spire Realty

Spire Realty Group LP and Stream Realty Group struck a deal for the sale of the 126,626-square-foot Lockhill Crossing office building in Shavano Park on the San Antonio metro’s northeast side. When the dust settled, the Dallas-headquartered Spire walked away with the building, which is at 4640 N. Loop 1604 W.

The sales price was undisclosed; however, the San Antonio Business Journal reports that Spire obtained a $25 million loan from Forethought Life Insurance Co. to close the deal with Stream Realty, which had developed the five-story building.

The property contains more than two dozen tenants, ranging from law firms, to real estate companies, to financial institutions. Spire Realty is no stranger to San Antonio. In June 2018, the investor acquired the 137,719-square-foot Centre Plaza at 45 N.E. Loop 410.

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