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SOURCE USAA Real Estate Company
WestRidge One at La Cantera to Serve as Global Headquarters for $3.3 Billion Corporation Founded 140 Years Ago in San Antonio
SAN ANTONIO, June 17, 2014 /PRNewswire/ -- USAA Real Estate Company ("RealCo") today announced that it has secured the first tenants for its WestRidge at La Cantera complex. The global headquarters of Harland Clarke Holdings Corp. and its wholly-owned subsidiary, Harland Clarke, will occupy WestRidge One. The 129,016 square foot office building is the first phase of RealCo's 42-acre master-planned office park in San Antonio. The leading provider of marketing services, transaction solutions, education services, and intelligent media delivery will relocate its corporate offices in late 2014.
"USAA Real Estate Company is delighted to hand the keys of WestRidge One to one of San Antonio's fellow corporate leaders," said Len O'Donnell, chief executive officer of USAA Real Estate Company. "We're very proud of our development at La Cantera, which has rapidly become recognized as San Antonio's most dynamic new business and commercial district. We're confident that Harland Clarke Holdings and Harland Clarke will both find WestRidge One the consummate headquarters from which to grow and prosper in the years to come."
Harland Clarke Holdings currently oversees three wholly-owned subsidiaries: Harland Clarke, Scantron and Valassis. These businesses provide products and services to some of the best known financial, commercial, retail, and educational organizations and brands in the world, generating $3.3 billion in annual revenue. The company's San Antonio roots date back to 1874 with the founding of the Maverick-Clarke Lithograph Company.
"We are proud of our San Antonio heritage and our continued growth in the global marketplace," said Harland Clarke Holdings CEO Chuck Dawson. "Our company was built on values that are consistent with the character of this community. It's been a great fit for 140 years. We believe that WestRidge One at La Cantera will provide the quality environment that will best support our future."
With tinted glass and stone exteriors as well as interiors designed by leading architectural firm, Gensler, WestRidge One is a Class A, four-story, tilt wall construction built over 13 acres with 645 spaces of surface parking. In the tradition of USAA RealCo standards, the building which was developed with Patrinely Group, is designed to achieve LEED certification. Located at 15955 La Cantera Parkway, WestRidge One lies within walking distance of other La Cantera developments including USAA's 500-room La Cantera Hill Country Resort, over 150 retail and restaurant destinations at The Shops at La Cantera and the newest development, The Residences at La Cantera, a 322 unit luxury residential project located immediately adjacent to The Shops at La Cantera. Construction of WestRidge Two is expected to commence during the fourth quarter of 2014.
Mark Russell of global commercial real estate services firm Savills Studley represented Harland Clarke/Harland Clarke Holdings in negotiating the lease transaction; Lisa Mittel and Chuck King of Travis Commercial represented the common interests of developer Patrinely and owner USAA Real Estate Company; and, Dennis Tarro of Patrinely Group represented Patrinely Group.
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, multi-family, retail and hotel properties as well as investments in real estate operating companies. USAA Real Estate Company is a subsidiary of USAA, a leading financial services company, serving military families since 1922. For more information, visit www.usrealco.com.
About Harland Clarke Holdings Corp. and Harland Clarke
Harland Clarke Holdings Corp. (www.harlandclarkeholdings.com) is comprised of companies focused on optimizing customer relationships through multiple channels. Its major business units - Harland Clarke, Scantron and Valassis - are recognized as leading providers of marketing services, transaction solutions, education services, and intelligent media delivery that create millions of customer touch points annually for their clients. Harland Clarke (www.harlandclarke.com) provides best-in-class integrated payment solutions, marketing services, retail products, high-value transactional print and electronic documentation, and security solutions. It serves multiple industries including financial, insurance and investment services, big-box retailing, accounting software, commercial, franchising, pharmaceutical, and telecommunications. Harland Clarke's clients range in size from major corporate brands and trade groups to small businesses and individual consumers. Harland Clarke is a wholly owned subsidiary of Harland Clarke Holdings Corp.
About Patrinely Group, LLC
Patrinely Group is a national real estate development firm specializing in commercial office and residential projects throughout the United States. Since 1983, the company has completed $3 billion of some of the most respected and successful projects in the nation. Patrinely Group is currently active in Texas, Arizona, California, Colorado, Florida, New Jersey, New York, Virginia and Washington. For more information, visit www.patrinelygroup.com.
About Travis Commercial
Travis Commercial Real Estate Services, Ltd. 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.
About Savills Studley
Savills Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, the firm pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, supported by high quality market research and in-depth analysis, Savills Studley provides strategic real estate solutions to organizations across all industries. The firm's comprehensive commercial real estate platform includes brokerage, project management, capital markets, consulting, and corporate services. With a heritage of innovation and 25 offices in the U.S., including San Antonio, Houston and Austin, Savills Studley is well known for tenacious client advocacy and exceptional service. The firm is part of London-headquartered Savills plc, the premier global real estate service provider with over 27,000 professionals and over 600 locations around the world. Savills plc is listed on the London Stock Exchange. For more information, please visit www.savills-studley.comand follow us on Twitter @SavillsStudley and LinkedIn.
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