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San Antonio Credit Union Buys Former Sunoco Office Building
Security Service Federal Credit Union acquired The Rim, a 319,000 square foot office at 19003 W. Interstate 10. Sunoco, the seller, purchased the office of its subsidiary, NuStar, two years ago.
Security Service said the acquisition will support future organizational growth while creating additional opportunities for collaboration and employee engagement.
Sunoco acquired NuStar for about $6.5 billion in stock in 2024 to diversify the company and take over a key part of its supply chain.
The San Antonio Express News reports that prior to the acquisition, NuStar sold its headquarters to Truist Financial Corp. for $103 million in 2023 but kept its offices there under a sale-leaseback deal. Sunoco purchased the headquarters back from Truist in June 2024 for an undisclosed amount. At the time, both NuStar and Sunoco said NuStar would keep its headquarters here for at least two years, but its future beyond that has been unclear.
- ◦Sale/Acquisition
