SAN ANTONIO–An affiliate of Brookwood Financial Partners has purchased Commons at Concord Park. The four-building, 108,116-square-foot office complex was sold by Boston-based Intercontinental Real Estate Corp. for an undisclosed sum.
Commons at Concord Park is located on Sonterra Boulevard in the Stone Oak neighborhood within the North Central submarket.
“We are excited to add this asset to our growing portfolio of assets in the region. The property is easily accessible from major thoroughfares in the area and is located in a desirable submarket,” says Kurt Zernich, senior managing director at Brookwood. “With the quality of the buildings and the flexible floor plates, there are a variety of attractive spaces that we can offer tenants.”
Three of the buildings were completed in 2001, while the final building completed in 2004. It was designed by Insite Architects and developed by Concord Property Corp. The complex is 77.6% occupied.
CBRE’s Todd Mills, Hunter Mills and Casey Knust represented the seller. Lindsey Tucker, of CBRE, has been selected to lease the property. Transwestern will manage the complex.