SAN ANTONIO – Preferred Office Properties LLC, a subsidiary of Preferred Apartment Communities Ltd., has purchased a two-building office property from USAA Real Estate Corp.
The 258,000-sf Westridge at La Cantera delivered in 2015 and 2016 at 15935 La Cantera Pkwy. It is fully leased to tenants including USAA and Harland Clarke Holdings Corp.
The buyer financed the acquisition with a $54.4 million first mortgage loan through Allianz Real Estate of America LLC.
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