Union Square & Union Square II
10101 & 10001 Reunion Place
San Antonio, Texas
UNION SQUARE
Union Square is a 194,398 square foot, Class A building, prominently positioned on US 281 at Jones-Maltsberger Road in the North Central submarket and adjacent to the San Antonio International Airport. Union Square offers quick access to key business centers, hotels, preferred retail, entertainment and dining. Less than one mile south of Union Square is the Loop 410 interchange, the North Central market’s major east/west artery. By way of US 281, San Antonio’s major north/south artery, the Central Business District is a 10-minute drive. Union Square also offers superior access to many of San Antonio’s more prestigious residential neighborhoods. In fact, many tenants choose the project because of exceptional access to executive housing and its desirability to quality employees.
Square Footage: 194,398
Floors: 10
Year Built: 1986
Amenities:
- On-site management
- Adjacent parking garage with covered parkway to building
- On-site deli
- Card-key access
- 24-hour security
- Upgraded energy management system
- On-site weekly car wash
UNION SQUARE II
The newly constructed Union Square II is a 131,185 square foot, Class A building, prominently positioned in the North Central submarket. Located just minutes from the San Antonio International Airport, alongside the bustling Highway 281 corridor, Union Square II delivers unparalleled amenities to its tenants. The unique architecture and manicured landscaping, combined with the marble and granite finishes found throughout, offer tenants and visitors a sense of prestige upon entering the building.
Square Footage: 131,185
Floors: 6
Year Built: 2007
Amenities:
- On-site banking
- Adjacent parking garage with covered walkway to building
- Building conference room
- On-site deli
- Card-key access
- 24-hour security
- On-site weekly car wash
Griffin Partners (GP) acquired Union Square in December 2003 from Equity Office Properties Trust (REIT). The 194,000 square foot Class A building is prominently positioned on US 281 at Jones Maltsberger Road in the North Central Submarket, and directly adjacent to the San Antonio International Airport. Union Square offers quick access to key business centers, hotels, preferred retail, entertainment and dining. Less than one mile south of Union Square is the Loop 410 interchange, the North Central market's major east/west artery. By way of US 281, San Antonio 's major north/south arterial, the Central Business District is a short ten minute drive. Union Square offers superior access to many of San Antonio's more prestigious residential neighborhoods, and many of its tenants chose the project due to exceptional access to executive housing and its desirability to quality employees. Some of the larger tenants include Argonaut Insurance and American Express.
This is a value added investment strategy in which Griffin Partners purchased an asset that was underperforming due primarily to poor management and ownership and deferred maintenance all of which were compounded by a market downturn. GP improved the aesthetic appeal of the property which helped in the effort to attract and retain new tenants. The occupancy has gone from 88% at acquisition to 100% currently. In addition, a vacant 3 acre development tract came with the asset at acquisition. GP built the six story, 131,500 square foot Union Square II on the tract in 2007.
Griffin Partners sold both buildings in April 2010.