USAA Real Estate Company And Patrinely Group Break Ground On WestRidge One At La Cantera

SAN ANTONIO, Jan. 7, 2014 /PRNewswire/ -- USAA Real Estate Company ("RealCo"), and its development partner, Patrinely Group, LLC, announce the groundbreaking at WestRidge at La Cantera.

(Photo:  http://photos.prnewswire.com/prnh/20140107/DA41649)

(Logo:  http://photos.prnewswire.com/prnh/20100915/DA65106LOGO-b)

WestRidge, a new, master-planned office development led by Patrinely Group, is located on La Cantera Parkway.  The 128,000-square-foot building is designed for LEED Silver certification with completion slated for fourth quarter 2014. "We will create an exceptionally attractive Class A office campus for businesses desiring to locate in a premier destination in La Cantera," said Dean Patrinely, Managing Principal of Patrinely Group, LLC.

Crimson Services, LLC, an affiliate of Patrinely Group, will oversee leasing and property management of WestRidge One. Travis Commercial Real Estate is the local listing broker on the project.  "We are very excited to begin this next chapter of development at La Cantera and especially pleased to be working with Patrinely Group which is well known for developing some of the most outstanding office developments in the country," stated Len O'Donnell, President and CEO of USAA Real Estate Company.  

RealCo is the master developer and owner of La Cantera, which has evolved into the most sought-after business and retail destination in the region. Other La Cantera developments include USAA's 500-room resort, The Shops at La Cantera and currently under development, The Residences at La Cantera, a 322 unit luxury residential project located immediately adjacent to The Shops at La Cantera.  For more information, visit www.westridgeatlacantera.com

About USAA Real Estate Company

USAA Real Estate Company, with approximately $12 billion in assets under management, provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors.  The USAA portfolio consists of office, industrial, retail and hotel properties as well as investments in real estate operating companies. RealCo is a subsidiary of USAA, a leading financial services company, serving military families since 1922. For more information, visit www.usrealco.com.

About Patrinely Group, LLC

Patrinely Group is as a national real estate development firm specializing in commercial office and residential projects throughout the United States. For more information, visit www.patrinelygroup.com

About Crimson Services, LLC

Crimson Services provides property management and leasing services to real estate owners and users. Crimson currently manages approximately 4 million square feet of Class A office space throughout the United States. For more information, visit www.crimsonservicesllc.com

About Travis Commercial Real Estate Services, Ltd.

Travis Commercial Real Estates Services is a San Antonio-based, full service commercial real estate firm dedicated to providing a full array of services including property leasing and management, corporate services, investment sales, strategic planning and consulting facilities management and project/construction management. For more information, go to www.traviscommercial.com

SOURCE USAA Real Estate Company



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