Advenir Acquires Greenway Park Office Building In San Antonio For Redevelopment

Advenir has purchased the Greenway Park office building in San Antonio for redevelopment into apartments. The property, located at 2455 Northeast Loop 410, spans a total of 109,320 square feet. The assessed value of the property is $12.25 million. Bank of America provided a $30 million mortgage for the transaction.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 2455 Northeast Loop 410
• Market: San Antonio
• Buyer: Advenir - Stephen Vecchitto
• Lender: Bank of America

Advenir, represented by Stephen Vecchitto from Advenir, finalized the purchase of the Greenway Park office building. The buyer intends to redevelop the property into apartments, leveraging its prime location in San Antonio's market. The involvement of Bank of America, as the lender in this transaction, indicates the availability of significant financing for the project.