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Nov. 26, 2012

Live Oak-Gottesman Continues Office Shopping Spree, Buys Network Crossing

By Camelia Bulea, Associate Editor

Austin-based Live Oak-Gottesman has bought Network Crossing, a 143,831-square-foot office property spanning five buildings in Northwest San Antonio.

The acquisition marks the sixth purchase for the company and this is not all. According to Rob Golding, CEO of Live Oak-Gottesman, the company has already prepared for a next round of acquisitions in 2013, the San Antonio Business Journal reported.

Holliday Fenoglio Fowler L.P. managing director Mona Carlton and associate director Robert Wooten represented the buyer. At the time of the sale, the property was 89 percent occupied, reported Citybizlist.com.

Located near the intersection of Huebner Road and Interstate 10, the office property was developed by Transwestern San Antonio and opened in September 2008. Interestingly enough, the latest acquisition in the Alamo City does not fit into the company’s strategy, as its local portfolio consists of value-add buildings in the core of North Central San Antonio.

Just six months ago, Live Oak Gottesman purchased Centre Plaza, a 138,265-square-foot office building located along Loop 410 in North Central San Antonio, according to the company’s Web site. Other San Antonio office properties include:

  • Alta Vista – a 53,008-square-foot retail/office center located in the heart of Stone Oak;
  • 922 Isom – a one-story office building totaling 25,643 square feet located in North Central San Antonio;
  • One Village Park – a 48,393-square-foot office property located on San Pedro Avenue;
  • Park Oaks Centre – a 66,265-square-foot office building also located on San Pedro Avenue .

Photo rendering of Network Crossing

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