SAN ANTONIO - A change in ownership has led to a new leasing assignment for Peloton Commercial Real Estate San Antonio.
St. Louis-based Pace Properties has hired Peloton to lease the Spectrum Building. The 172,692-sf office property is located at 613 NW Loop 410.
The assignment comes on the heels of the purchase of the property by Pace-Spectrum Associates.
The Bexar County Appraisal District currently lists the Spectrum Building’s value at $14.3 million.
The Spectrum Building purchase, which closed on May 15, marks Pace’s first commercial real estate investment in the San Antonio market.
Now begins the work to upgrade the asset — a $3 million project that will “breathe new life into Spectrum,” said Peloton Principal Christi Griggs.
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