February 14, 2022 (San Antonio, TX)—Austin-based Oracle America Inc. (Oracle), the designer and manufacturer of network computing infrastructure solutions, has renewed its two full-floor office lease at The Spectrum Building, a class A office building in San Antonio owned and managed by Hartman Income REIT Management Inc. (Hartman). The 35,000 square foot lease makes it the largest single-tenant in the 10-floor office building with the capacity to accommodate over 260 Oracle employees.

“We are thrilled to continue officing Oracle as a tenant here in San Antonio. It’s great to see large companies such as Oracle reaffirm their desire to bring their teams back to the office following the pandemic. We look forward to continuing to serve them as our tenant at the Spectrum building.” said Kacie Skeen, Vice President of Leasing for Houston and San Antonio, and the landlord representative of the transaction.

One floor of Oracle’s lease features an increasingly popular space use, hoteling. Office hoteling in the workplace allows any employee to personally reserve a workplace of their choosing on any given day.
Employees will be allowed to reserve a workstation, private office, or conference room space for a partial or full workday. In addition, the Oracle office space features custom branded glass-walled conference and break-out rooms, multiple kitchens and coffee bars, and high-end tech set-ups for the reservable spaces.

Commenting on the lease, Al Hartman, President & CEO, said “Flexible space use is the newest way companies like Oracle are utilizing floorplans to accommodate the desire from their people to return to the office. We are delighted to have them as tenants in our building!”

Hartman’s Spectrum office building is a highly desired A-class office building in San Antonio, Texas.

When Hartman acquired the property in 2019, the building underwent numerous renovations to add state-of-the-art conference facilities, a tenant lounge, a lobby redesign, and a main floor facility upgrade.

In lease negotiations with Hartman, Oracle America Inc. represented itself, and Kacie Skeen, a licensed commercial real estate agent, represented the landlord, Hartman Income REIT Management, Inc.

To learn more about leasing commercial real estate in San Antonio, Houston, or DFW (Dallas Fort Worth), please contact a Hartman leasing agent at 800.880.2212 or visit www.hi-reit.com.

About Hartman:
Hartman is a premier property management company in the Houston, Dallas, and San Antonio markets with more than 59 properties totaling over eight million square feet. Hartman has owned and operated commercial office properties since 1983, offering premium office space at attractive rates. With more than 38 years of commercial leasing expertise in Houston, San Antonio, and Dallas, Hartman knows exactly what their customers require. For more information, visit www.hi-reit.com.

San Antonio, TX (Feb. 8, 2022) — Newmark announces that it has completed the sale of Maxwell Townhomes, a 316-unit value-add multifamily community located in North Central San Antonio, Texas.

The property traded from Resource REIT, Inc., a self-managed real estate investment trust (REIT) that owns a portfolio of apartment communities in targeted markets with proven income and employment growth, to Orion Real Estate Partners, a real estate investment firm targeting value-add multifamily assets in western U.S. markets. Newmark Vice Chairman Patton Jones and Managing Director Matt Michelson represented Resource REIT, Inc. in the transaction.

“Maxwell Townhomes drew immense competitive investor interest as we continue to see capital flow into the San Antonio multifamily market,” said Jones. “Given the property’s compelling value-add opportunity and limited multifamily supply in the immediate submarket, this asset is uniquely positioned to capture superior returns in the future.”

Maxwell Townhomes is located at 11146 Vance Jackson Road in San Antonio. The unique townhome-style asset features a mix of spacious one-, two- and three-bedroom units with an average unit size of 1,016 square feet. Originally built in 1982, the seller made significant improvements to the exterior and common areas over the past several years. The new owner has the opportunity to complete unit upgrades to achieve rental premiums. The property is positioned on a sprawling 23-acre site, allowing for expansive amenity features including two swimming pools, state-of-the-art fitness center, clubhouse with iLounge, playground, putting green, lighted sport court and dog park.

The property is proximate to several major employment centers, with an employment base of 173,314 within a five-mile radius. Major area employers include Valero Energy, The University of Texas at San Antonio (UTSA), Acelity, USAA, the South Texas Medical Center (STMC), Hulu, NuStar Energy and Medtronic. Maxwell Townhomes is conveniently located in proximity to an abundance of mixed-use, retail and entertainment destinations including Park North Shopping Center, North Star Mall, Huebner Oaks, The Rim and The Shops at La Cantera.