NYC investor picks up former Andeavor HQ
SAN ANTONIO – New York City-based U.S. Realty Advisors LLC has purchased Andeavor’s former headquarters at 19100 Ridgewood Pkwy.
The deal will likely be one of the biggest local real estate transactions this year.
The centerpiece of the 15-acre property is a 618,017-sf building that comprises a 14-story tower and six-story office building connected by a lobby.
A six-level parking garage is next door.
The property is fully leased through May 2029 to Ohio-based Marathon Petroleum Corp., which acquired Andeavor in September 2018. Nearly a quarter of the space has been subleased to EOG Resources Inc. since 2011.
JLL is marketing the property for sublease.
CBRE represented the seller, Newton, Mass.-based The RMR Group LLC, who owned the property since 2015.
The Real Estate Center has more on the local office market:
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