Energy Company Sells Off SA Office Building

Energy Transfer spun off its Stone Oak office building to local office developer Worth & Associates. The company closed on the property at 800 E. Sonterra Blvd. for an undisclosed amount. The San Antonio Business Journal reports the most recent valuation was listed at $21.95 million. Worth took out a $15 million loan as part of the transaction from Hurd Enterprises. The 99,623-square-foot building was vacant at the time of the transaction.

Previously known as Concord Park I, Worth has rebranded it as 800 Sonterra. Stream Realty Partners Steve Thomas, Alyse Sellers and Zander Thomas represented Energy Transfer. Worth’s Shawn Gulley and Lukin King managed the transaction on the buyer side.

Energy Transfer LP is an American company that transports and stores pipelines and provides terminals for natural gas, crude oil, NGLs, refined products and liquid natural gas.