WASHINGTON, D.C. – August 30, 2013 – (RealEstateRama) — USAA Real Estate Co. announced the acquisition of One Riverwalk Place, an 18-story, multi-tenant office building located in downtown San Antonio, TX.
Developed in 1981, One Riverwalk Place is located in the heart of downtown San Antonio, at the northeast corner of North Saint Mary’s Street and Convent Street and offers frontage on the San Antonio Riverwalk with easy access to Interstates 35 and 10. The 261,633 square foot high-rise is currently leased to 35 tenants.
“We are very excited about the opportunity to purchase this high quality office asset which will be an excellent addition to our office portfolio,” says Len O’Donnell, President and CEO of USAA Real Estate Co.
“We’re pleased with this investment because we’re not just investing in any downtown – we’re investing in USAA’s home town,” said USAA CEO Joe Robles. “This city continues to shine as one of the nation’s fastest growing cities in terms of population and job growth. We’re looking forward to contributing to the ongoing efforts to create a vibrant and living downtown.”
About USAA Real Estate Company
USAA Real Estate Company, with approximately $12 billion in assets under management, provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors. The USAA portfolio consists of office, industrial, multi-family, retail and hotel properties as well as investments in real estate operating companies. USAA Real Estate Company is a subsidiary of USAA, a leading financial services company, serving military families since 1922. For more information, visit www.usrealco.com.
USAA provides insurance, banking, investment, and retirement products and services to 9.6 million members of the U.S. military and their families. Known for its legendary commitment to its members, USAA is consistently recognized for outstanding service, employee well-being and financial strength. USAA membership is open to all who are serving or have honorably served our nation in the U.S. military, and their eligible family members. For more information about USAA, or to learn more about membership, visit usaa.com.