Extensive renovations and remodeling planned at One Medical Park.
SAN ANTONIO, TX, October 15, 2021 /24-7PressRelease/ — Ackerman & Co. has purchased One Medical Park, a two-story, 34,164-square-foot medical office building located at 14615 San Pedro Avenue (Highway 281 North) in San Antonio.
CBRE’s Scott Herbold, Michael Dewey, Amber Austin and Ashlee Wells partnered together to execute the transaction on behalf of the undisclosed seller. CBRE’s Amber Austin will lease the space on behalf of Ackerman & Co., offering opportunities to new tenants at competitive rates with generous build-out allowances.
One Medical Park enjoys exceptional visibility from Highway 281, San Antonio’s major north-south highway, and is located 10 miles north of downtown San Antonio.
“This is a great opportunity for Ackerman & Co. to invest in a medical office building with successful, strong tenants,” said Jeff Bryant, Principal in Ackerman & Co.’s San Antonio office. “One Medical Park benefits from compelling surrounding demographics, excellent visibility and the strength of the North Central San Antonio medical communities, including Stone Oak.”
Ackerman & Co. plans a complete remodeling of the entire building. At completion, every part of One Medical Park will be new.
With the purchase of One Medical Park, Ackerman & Co.’s San Antonio medical office portfolio now totals 535,000 square feet. Ackerman also owns medical buildings in downtown San Antonio on the CHRISTUS Children’s Hospital campus and at South Texas Medical Center on the northwest side of San Antonio.
“We’re pleased to continue our investment in San Antonio and solidify our position as the largest third-party owner of medical-office assets in the market,” said Kris Miller, President of Ackerman & Co. “One Medical Park is an excellent opportunity for medical practices to serve patients in North Central San Antonio.”
One Medical Park is currently home to APEX Allergy & Asthma, Arthritis & Osteoporosis Center of South Texas, Clinical Pathology Laboratories, Male Medical Group, Rosewood Dental, San Antonio Podiatry Associates, Dr. Greg Thompson (Dermatology) and Tyler Family Practice.
About Ackerman & Co.
Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co. has developed and acquired 37 million square feet of office, medical, industrial, retail and mixed-use space, has 4.5 million square feet under management, and maintains an investment portfolio valued at $1 billion. For more information, visit www.ackermanco.com
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