SynerMark Properties has acquired Fountainhead Tower, a 95% leased Class A office building in San Antonio, enhancing its strategic position in a robust commercial real estate market.

Information on the Target

Fountainhead Tower is a Class A office building situated at 8200 I-10 W in San Antonio's Northwest submarket. With a total area of 180,069 square feet, the property has recently achieved a remarkable occupancy rate of 95%, underscoring its desirability among tenants. The building has undergone significant upgrades, enhancing its features and solidifying its position as one of the top office locations in the region.

Acquired by a partnership comprising SynerMark Properties from Austin, Texas, the building previously belonged to a California-based fund managed by KBS. These recent enhancements contribute to the overall appeal, ensuring that Fountainhead Tower caters effectively to the needs of modern businesses.

Industry Overview in the Target’s Specific Country

The commercial real estate market in the United States has experienced a considerable transformation over the past several years, with demand for Class A office spaces remaining