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A Pendulum Property Partners JV acquires Stadium Crossings here after conducting up-front due diligence and making an initial hard deposit on the property, which includes office, restaurant and church uses.
“The renovations have created modern spaces that fit the needs of corporations and medical offices seeking to expand or relocate,” says Joel Bergstein, president, LEG.
The sale-leaseback structure has benefited both parties with steady cash flows generated from the long-term lease with State Farm and stable, long-term ownership and management for the tenants.
San Antonio continues to expand, causing one law firm to extend its lease with the ability to expand its existing space in an iconic building located on the city's renowned Riverwalk.