San Antonio Pipeline Co. Sells HQ for Over $100M, Now Tenant Occupying Building

NuStar Energy LP, a San Antonio-based pipeline company, recently sold its headquarters building at 19003 West Interstate 10 for $102.4 million to Atlanta-based Truist Bank in order to pay off some of its outstanding debt. The 1 million-square foot campus was built in 2012 after NuStar purchased the parcel in 2010 and the company will remain onsite as tenants under a 20 year lease agreement. According to reports by San Antonio Business Journal, NuStar will pay approximately $8.2 million annually over that period and has also retained 13 acres of the 32 acre plot with restrictions on future development imposed on 6.231 acres located at the southern edge for as long as they are tenants there or any affiliate thereof is tenanting it .