Whata’deal! Partnership buys office tower

​​SAN ANTONIO – The 11-story Concord Plaza office building has been purchased.

Local investment firm Milam Real Estate Capital led a partnership including Whataburger that bought the 6.4-acre tower and about 2.8 acres of adjacent vacant land.

The tower includes 168,000 sf of class A office space and 80,000 sf of retail.

The purchase price wasn’t disclosed, but the Bexar Appraisal District assessed the land at $39.1 million this year.

“Whataburger is researching possibilities within the property to expand its campus,” the statement said.

Whataburger has been growing its real estate holdings around its 152,000-sf headquarters, which it has occupied since moving to San Antonio from Corpus Christi in 2009. In May 2016, the chain bought an adjacent three-story building through a subsidiary.