Tryperion Partners Sells San Antonio Tech Center
St. Croix Capital Cos. purchased the three-building complex with the help of $11.9 million in acquisition financing. The property is within the University Park on Network Boulevard.
By Timea Papp
Network Tech Center
St. Croix Capital Cos. has completed the acquisition of University Business Park – Network Tech Center, an office complex totaling roughly 85,000 square feet in San Antonio, according to Yardi Matrix. Tryperion Partners sold the asset, while Quadrant Capital Partners facilitated the deal with $11.9 million in acquisition financing.
Located at 12400, 12450 and 12460 Network Blvd., the property features three single-story buildings delivered in phases, in 1995 and 2000. Current tenants include CPL Labs, CIMA Hospice and Paychex, bringing the asset’s occupancy to 85 percent. Network Tech Center previously changed hands in September 2015, when Tryperion Partners purchased it from Clarion Partners.
The complex is situated on 8.3 acres, providing quick access to major thoroughfares such as Interstate 10 and Loop 1604. Additionally, Network Tech Center is in the proximity of numerous retail venues, restaurants and hotels, including Comfort Suites Medical Center near Six Flags, Hampton Inn & Suites San Antonio Northwest/Medical Center and Days Inn by Wyndham San Antonio Near Fiesta Park.
Image courtesy of Yardi Matrix
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