Five-Story Spec Office Building in the Works

SAN ANTONIO–Stream Realty Partners plans to build a 126,626-square-foot, class-A mid-rise office building on Loop 1604 in Northwest San Antonio. Stream Realty recently closed on the 16.98 acres on which the speculative development, known as Lockhill Crossing, will be built. The company plans to break ground on the project before the end of the year.

“As demand for high-quality office space continues to rise throughout San Antonio, Stream saw the opportunity to meet that need through Lockhill Crossing,” said Carolyn Hinchey Shaw, vice president at Stream Realty. “This development is the first of its size since 2008 to be built on a speculative basis in the Northwest submarket, San Antonio's strongest growth area.”

Lockhill Crossing will be located at 4530 N. Loop 1604 W in the Northwest submarket of San Antonio and surrounded by an eight-acre greenbelt in a lush, park-like setting.  Shaw and Ryan Harrison, both vice presidents at Stream Realty, will lead leasing efforts for the property during development and upon completion.

“The property has exceptional access and offers excellent visibility,” Harrison said. “While the project is being developed on a speculative basis, we've already pre-leased 20% of the building and anticipate accelerated interest when the development breaks ground. The Northwest submarket has an extremely low vacancy rate, and with only three other class-A buildings in the area, this caliber of office space is hard to come by.”

The five-story building will be constructed using energy efficient systems and materials and will feature class-A finishes throughout. Amenities include an on-site workout facility and a park-like setting with a walking trail through the plush, natural landscaping. The development is also conveniently located near high-end shopping centers, such as La Cantera Mall and The Rim, as well as several of the city's top employers such as USAA, Valero, NuStar, Security Service FCU. Monument and building signage with excellent visibility from both Loop 1604 and Lockhill Selma will also be available. Stream Realty Partners is a national real estate services, development and investment firm. The firm represents a diverse mix of local, national and international clients and leases and/or manages a portfolio of more than 100 million square-feet of office, industrial and retail properties.

Project architect is Chesney Morales & Associates and Pape Dawson is the civil engineer for the project.