Morgan Stanley Signs 28 KSF Lease at San Antonio Development

7600 Broadway. Image courtesy of Embrey

Embrey’s upcoming mixed-use development in San Antonio, Texas, has reached full office occupancy months ahead of its completion. Morgan Stanley and Embrey revealed plans to occupy space at the 52,835-square-foot 7600 Broadway once the property is delivered this summer.

Morgan Stanley has signed a 28,000-square-foot lease at the location, with tenant buildout already underway. Embrey will relocate its headquarters to the remaining 25,000 square feet on the third floor. JLL represented both parties in the leasing agreement.

Embrey debuted the project in 2018 with the acquisition of a 4-acre parcel from Kopplow Construction and later received a construction loan from Frost Bank. In addition to the 52,835 square feet of office space, the three-story property will include 216 residential units, which are expected to come online this year.

Office tenants will have access to a conference room, game lounge, yoga studio and outdoor patio. Stream Realty Partners has been tapped to manage the property.

Located within the Alamo Heights neighborhood, the development is approximately 6 miles from downtown San Antonio and is within walking distance of several retail and dining options.

Although the San Antonio office market displayed only modest signs of growth at the end of the fourth quarter, construction activity was robust. The metro had 855,672 square feet of office space under construction going into 2022, a JLL fourth quarter report shows.

Notable projects awaiting delivery in San Antonio include Jefferson Bank’s 1900 Broadway. The 13-story office building developed by Miami Real Estate Capital is slated for completion this spring. Jefferson Bank will take up half of the property’s office capacity, with the remaining suites available for lease.