BH Properties Acquires a 10-Story Commercial Building in Downtown San Antonio

BH Properties has acquired the vacant Navarro Building and Garage along the Riverwalk in San Antonio from public utility CPS Energy. The purchase price was not disclosed.

Located at 146 Navarro Street, the building was originally constructed in 1968 as a seven story-parking structure for Hemisphere ’68, the official World’s Fair held in San Antonio.    Three stories of office space were added above the garage in 1987 to accommodate the growth of CPS Energy, which currently serves more than 1.2 million customers in the greater San Antonio area.  The public utility vacated the property in 2020 after consolidating its operations into a new building in Downtown San Antonio. 

This is the second recent investment in San Antonio for Los Angeles-based BH Properties, which owns more than 3.5 million square feet of office, industrial and retail space throughout Texas. Its first purchase was a ground lease position for the 300,000-sf Highpoint Towers in San Antonio’s Medical Center District.