DNA Partners Trades Highpoint Towers
- Jan 12, 2015
Highpoint Towers, one of San Antonio’s largest office properties, is under new ownership. HFF L.P. represented seller DNA Partners in the sale of the two 11-story office towers for an undisclosed price.
Highpoint Towers comprises 301,118 square feet and sits on a 13.1-acre lot in the Northwest office submarket, adjacent to the south Texas Medical Center at 8401 and 8515 Datapoint Drive. The location is accessible from Interstate 10, Loop 410 and Loop 1604. A suite of hotels in the vicinity includes La Quinta, Candlewood Suites, Best Western, Budget Suites and Knights Inn.
The property was built in 1983 and renovated in 2010. The new owner plans another round of renovations, including upgrading the lobbies, exterior aesthetics, elevators and bathrooms.
The HFF team that managed the sale was led by managing director John Taylor, associate director Kelsey Roop and real estate analysts Patrick McCord and Ryan McBride. “We are excited that, by selling the last office property in DNA Partners’ portfolio, it will provide them the opportunity to focus on continuing to grow an already well-established ‘pure’ retail portfolio,” Taylor said. “In addition, this is a great opportunity for a new strong office operator to enter the San Antonio market and create significant new value on one of the largest office properties in the market.”
Photo courtesy of DNA Partners