iHeartMedia Sells San Antonio HQ Building, Will Lease Space Back
March 5, 2015 at 3:55 AM (PT)
iHEARTMEDIA has found a buyer for its SAN ANTONIO headquarters building, reports the SAN ANTONIO EXPRESS-NEWS. A price was not disclosed, although the property was appraised at $6.9 million in 2014.
The building, built in 1999 at 200 E. Basse Road in SAN ANTONIO, is being sold to CASEY DEVELOPMENT LTD., which will move its offices into 6,500 square feet of the building and lease 2/3 of the space back to iHEARTMEDIA and an additional 10,500 square feet to other lessees.
iHEARTMEDIA, the former CLEAR CHANNEL, maintains corporate offices and CEO BOB PITTMAN's office in NEW YORK and a corporate service center in SAN ANTONIO, the latter of which is also for sale.