posted on April 22, 2011 00:58
San Antonio-based Kinetic Concepts Inc. has announced plans for a new office building on the city’s Northwest Side.
The three-story, 100,000-square-foot property will be located at 12930 Interstate-Highway 10 West, according to Joe Izbrand, director of corporate communications for KCI.
The planned KCI development will be the fourth major office-building project over the past three years to break ground in the I-10/Loop 1604 area on the city’s Northwest Side.
The Overlook at The Rim, a 147,830 square-foot office building, came online in 2008. The office complex éilan, a 200,000-square-foot property off La Cantera Boulevard, came online in 2010. Pipeline company NuStar Energy announced plans in 2010 to build a 300,000-square-foot corporate headquarters at The Rim.
The new KCI building will house the executive offices and other corporate operations of KCI, Izbrand adds. These divisions currently occupy about 100,000 square feet of lease space at an existing property known as KCI Tower, which is located at 8023 Vantage, also in Northwest San Antonio.
That building spans 166,000 square feet.
KCI is a locally based manufacturer of wound-care products, specialty beds and other therapeutic products.
The firm leases the space at the Vantage property. It will, however, own the new corporate building that is in the planning stages now.
The goal is to move into the building next summer, Izbrand says.
Development costs were not disclosed.
As for how the Vantage Drive property could be repositioned, including plans for backfilling the space that KCI would leave behind, those plans were not immediately known.
The existing KCI Tower is owned by a Boise-based venture called CKW San Antonio LP ET AL, according to information provided by the Bexar Appraisal District.
KCI had, at one time owned the building.
In 2002, the company sold the office building to a joint-venture fund that had been formed by Beverly Hills-based Kennedy Wilson and Minneapolis-based agricultural conglomerate Cargill Inc.
3/30/11, San Antonio Business Journal, Tricia Lynn Silva