Oracle Renews 34,000 SF Lease In San Antonio's Spectrum Building | 613 Northwest Loop 410 | Office | Lease

Summary

Lease

TEXAS

Office

34,000 sqft

The office property located at 613 Northwest Loop 410 in San Antonio, spanning 34,000 square feet, has been the subject of a lease transaction. The space was leased by Oracle, a tech firm, from the landlords Allen Hartman & Margaret Hartman of Hartman Properties. This renewal marked Oracle's decision to downsize its office footprint but still maintain a significant presence in the building.

Summary of transaction details:

Property Type: Office
Transaction Amount: Not specified
Address: 613 Northwest Loop 410
Market: San Antonio
Tenant: Safra Catz - Oracle
Landlord: Allen Hartman & Margaret Hartman - Hartman Properties

The lease renewal reflects Oracle's commitment to San Antonio's office market. The Spectrum building, now 76 percent leased under Hartman vREIT XXI, showcases the city's appeal to businesses. Allen Hartman, the founder of Hartman Properties, and Margaret Hartman, Oracle's COO, were instrumental in finalizing this deal.

Details

Deal Summary

LEASED

IMAGE: Safra Catz, Allen Hartman & Margaret Hartman DATE: 05/04/2024 ADDRESS: 613 Northwest Loop 410 MARKET: San Antonio ASSET TYPE: Office ~ SF: 34,000 LANDLORD: Allen Hartman & Margaret Hartman - Hartman Properties TENANT: Safra Catz (@Safra.Catz_) - Oracle (@Oracle) NOTE: Oracle, a tech firm, has renewed its lease for 34,000 square feet in San Antonio's Spectrum building, cutting its office footprint in half but retaining twice the space it had initially planned. This move signifies a positive shift in the city's office market, with the building now 76 percent leased under landlord Hartman vREIT XXI. The decision underscores San Antonio's appeal for businesses due to its talent pool and affordable cost of living, according to Hartman Properties' founder Allen Hartman and Oracle's COO Margaret Hartman.

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Address613 Northwest Loop 410

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