San Antonio business park has a new owner

July 16, 2013 by  

Brookwood Financial Partners, a limited-liability investment company based in Beverly, Massachusetts, has bought an office property in San Antonio, Texas.

The property, called the Tech Ridge Business Park, is located in northwest San Antonio, and is a multi-tenant complex with a current occupancy rate of 83%.

Brookwood officials said they plan to improve Tech Ridge’s two empty suites. In addition, they will landscape, paint, and install new signage for the site, which is between Loop 1604 and Loop 410, near Interstate 10. The business park, which comprises two buildings, offers 118,769 square feet of space.

Brookwood director of acquisitions, Thomas W. Brown, said that the company’s goal in acquiring Tech Ridge is to hold on to current tenants and lease the remaining 17% of space currently vacant by using a combination of a forceful leasing plan and making improvements to the space. Brown notes that Tech Ridge has a great location and that this, along with Brookwood’s plans to offer good incentives and competitive lease rates to potential tenants, will help to completely lease the park. Brookwood has retained Stream Realty to handle the leasing process.

Brookwood might consider working with printing companies on several projects. First, it could work with brochure printers to create a mailer to send to potential tenants. The firm might also consider working with business card printing companies to create cards with the new addresses on them – thereby creating good will among the new tenants in the area.