CaptureRx Chooses SA’s Tech District for Expansion

By Anca Gagiuc

Kress Building, San Antonio

San Antonio—CaptureRx, a healthcare IT company serving more than 2,700 pharmacies and 500 hospitals and health centers in 45 states, announced the relocation of the company’s headquarters to the historic Kress Building, in San Antonio’s Downtown Tech District. The 60,000-square-foot, six-story property will be completed by its landlord, GrayStreet Partners, and CaptureRx will move into the space in early 2018.

San Antonio’s Business Retention & Expansion team, which is led by the San Antonio Economic Development Fund and includes the City of San Antonio, Bexar County and the State of Texas, worked to keep CaptureRx in Alamo City. As part of the City and County agreements, CaptureRx will create and retain at least 314 full-time jobs over the next six years. The company was founded in 2000 by Christopher Hotchkiss and J. Edward Gilmartin.

“The leadership of the San Antonio community and the state of Texas were compelling factors in our decision,” Chris Hotchkiss, chairman of CaptureRx, said in a prepared statement. “We were impressed with how they all came together and were extremely supportive of our company’s future growth. The availability of such an architecturally-significant historic building, and the opportunity to be part of the developing downtown tech district along Houston Street, helped us ultimately choose to remain in San Antonio.”

“CaptureRx’s decision to stay in San Antonio is great news for our city,” added San Antonio Mayor Ivy R. Taylor. “The company plans to revitalize and move into the historic Kress Building, which is an added bonus, securing the presence of an innovative, rapidly-growing and high-paying healthcare technology company right in the heart of San Antonio.”

The City of San Antonio and Bexar County recently voted to approve incentive packages offered as part of an ongoing effort to retain companies and talent in the technology industry. On March 7, Bexar County Commissioners Court voted to approve incentives from the recently established Innovation Fund, created to encourage technology companies to grow and expand within Bexar County. On March 9, the San Antonio City Council voted to approve an incentive package that includes a tax abatement on real and personal property, a performance-based economic development grant, SAWS and City fee waivers, as well as nomination as a Texas Enterprise Zone Project.

Images courtesy of WJE