Richmond Honan Enters San Antonio, Buys Highpoint Towers

Richmond Honan Development and Acquisitions LLC of Atlanta, GA is the new owner of the 300,000-square-foot Highpoint Towers, a Class B office property at 8401 and 8415 Datapoint Dr. on San Antonio’s northwest side. The buy is Richmond Honan’s first in the metro.

The seller, represented by HFF, was San Antonio-based Redrock and equity partner Riverside Resources, headquartered in Austin. During its four-year hold, Redrock boosted occupancy on the 35-year-old property from 63% to 95%, with the majority of tenants consisting of medical companies.

Richmond Honan is a real estate development and acquisitions company specializing in medical offices and facilities. The company has properties in Florida, Georgia, North Carolina and Tennessee. In Texas, the buyer owns St. Lukes at Cypress Woods in Houston.

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