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Big changes underway at San Antonio's SpectrumBig changes underway at San Antonio's Spectrumhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=72092013-06-13T09:07:00Z2013-06-04T00:00:00Z

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.

San Antonio Business Journal
San Antonio-New Braunfels
Office
http://www.bizjournals.com/sanantonio/blog/morning-edition/2013/05/spectrums-new-owner-hires-peloton-to.htmlRead more at {Source}

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