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Colliers announces the sale of the Palestra Building in San Antonio, Texas

Colliers is pleased to announce the sale of the Palestra Building, a 15,300 square foot office building located at 1779 NE Loop 410 in San Antonio, Texas. The buyer was represented by Clint Hennessey of DH Realty Partners, Inc. Jenny Seckinger and Ace Schlameus of Colliers represented the seller in the transaction.

 

“1779 NE Loop 410 was completely renovated and offered an owner-user high visibility in a boutique market. This is a perfect match for both the buyer and seller,” said Jenny Seckinger of Colliers.

 

The office building, built in 1981, features high-quality construction with numerous renovations completed within the past 5 years. The property is situated on 0.70 acres off of Connally Loop (Loop 410) and is just minutes from San Antonio International Airport. It is currently occupied as a call center with individual offices, conference rooms and a gym.

The property is located in San Antonio's Northeast office submarket. The submarket contains 7.4 million square feet of office inventory which is currently 91.1% occupied. The average asking rental rate is $26.45 per square foot.

Palestra Building_SanAntonio


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Jenny Seckinger

Vice President

Houston

Jenny Seckinger joined Colliers in 2008 and has more than 16 years’ experience in the real estate industry.  

During her career, she has successfully leased, sold and acquired significant Class A assets for private equity, individual and institutional clients.  Projects have included all sectors of the real estate industry including retail, medical, office, land and development.  Jenny has been a senior member of various teams in the development of major high profile marketing campaigns and was personally responsible for working closely with owners to maintain asset values during the 2020 pandemic resulting in the successful sale of a diversified portfolio of retail asset at full stabilized capital rate value. 

Jenny has continuously demonstrated that she can achieve positive results in any market. Her ambition, dedication and goal achieving attitude ensure the client’s goals are secured.  

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