North San Antonio MOB Opens Doors
Development of the 58,000-square-foot structure kicked off in mid-2018, financed by a construction loan from Security Bank.
Sunset Professional Building. Image courtesy of Casey Development
Casey Development has delivered the Sunset Professional Building, a 58,000-square-foot medical office building in San Antonio, according to Yardi Matrix. Security Bank provided $11.6 million in construction financing for the project, which broke ground in April 2018.
Situated at 430 W. Sunset Road, 6 miles north of the city center, the three-story building is located alongside the McAllister Freeway on the northern edge of CHRISTUS Santa Rosa Hospital’s Alamo Heights campus.
Prior to groundbreaking, two tenants—WellMed and Baptist Health System’s BHS Physicians Network—had signed leases with the developer for roughly half of the project. Transwestern’s Chad Gunter and John Grubb are heading up leasing efforts for the remainder of the space. The building features 17,460-square-foot floor plates, a rooftop deck and a grade-level parking ratio of five spaces per 1,000 square feet.
More than 2.1 million square feet of office construction is underway in the metro per data from Yardi Matrix, with upwards of 850,000 square feet expected to come online by the end of the year. While most development is concentrated in downtown San Antonio, the metro’s two ongoing medical office projects are located north of the urban core.
You must be logged in to post a comment.