JLL completes sale of downtown San Antonio office property
Weston Urban entity acquires 800 Dolorosa
SAN ANTONIO, August 21, 2019 – JLL announced today the successful sale of 800 Dolorosa in downtown San Antonio. The 51,508-square-foot office building is located at the intersection of Dolorosa and Santa Rosa.
JLL’s Chuck King and Ben Jordan represented the seller, GTM Washington Square LTD., in the transaction. The property was acquired by 800 Painful LP, a Weston Urban entity. The sale includes the office building situated on a 1.96-acre site, together with the surrounding 174-space surface parking lot.
“Downtown San Antonio continues to see significant investor interest and activity,” said King. “800 Dolorsa offers near-term returns for investors with development potential long term. This was a great win-win situation for all parties involved. We are proud to play a role in 800 Dolorosa’s transition.”
The property was 91.6% occupied at the time of the sale and located within one of the most vibrant development areas of San Antonio -- across the street from the new federal courthouse (which is currently under construction) and the future location of UTSA’s National Security Collaboration Center.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of nearly 92,000 as of June 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com