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Houston Investor Makes First San Antonio Deal

Houston-based Serac Capital Partners acquired Fountainhead Park I and II, two three-story Class A multi-tenant office buildings in San Antonio’s Northwest submarket. The buildings, representing Serac’s first acquisition in the region, total 171,205 square feet and are 94% leased.

Wm. Roger Gregory, Serac’s CEO, said, “Fountainhead Park will provide a strong foothold in a growing market that is often overlooked by investors. In addition to solid building fundamentals, we are able to take advantage of a COVID-19 discount and excellent bank financing.”

The Transwestern Capital Markets team representing the seller was led by Leah Gallagher, Hale Umstattd and Scott Myers. Kelly Ralston and Larry Mendez, also of Transwestern, will continue to lease the buildings.

Endura Advisory Group will continue to provide property management. Debt and equity were arranged by Arnie Azios and Larry Schanzmeyer with The Houston Group/Realty Advisors, Inc. Woodforest National Bank provided the debt financing.

Photo courtesy of Transwestern.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
  • ◦Sale/Acquisition
  • ◦Lease
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