USAA Snags 534K-SF BofA Plaza Amid Massive Expansion

San Antonio-headquartered financial services giant USAA is getting even larger. The company acquired the 534,184 square-foot Bank of America Plaza in San Antonio, and will be building new office complexes in Tampa, FL and Plano, TX, a suburb in the Dallas-Fort Worth area.

USAA struck a deal with Houston-based Griffin Partners to buy the Bank of America Plaza on Convent Street in San Antonio’s CBD for an undisclosed price, with the property assessed at $88 million. In addition to Bank of America, the tenant roster includes Fulbright & Jaworski, the U.S. Government, and Zachry Exploration.

Meanwhile, in Tampa, USAA is planning a 240,000-square-foot office building to accommodate approximately 1,000 employees. A new facility in Plano will house an additional 850 workers.

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