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N E W S Casey Development, Ltd. was formerly Darren Casey Interests, Inc. |
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Record in athletics Darren Casey didn't waste any time getting on board with the new strategic
plan for athletics. In February, the San Antonio businessman donated
$1.3 million to Texas State, with $1 million going to athletics and
$300,000 earmarked for a professorship in the McCoy College of Business
Administration.
June 26, 2008 California company purchases Travis Park Plaza The eight-story Travis Park Plaza building at 711 Navarro St. has a new owner. San Antonio's Darren Casey Interests Inc. (now Casey Development, Ltd.) has sold the 160,172-square-foot building to Los Angeles-based Cannon Commercial Inc. The building was built in 1970 and is valued at $13.9 million, according to Bexar County. Cannon assumed a loan that had an original principal amount of $13.27 million.
“I think our biggest advantage is having structured parking and being protected from the weather,” said James Foreman, vice president of NAI REOC Partners, which is leasing and managing the building. “The location gives easy access around downtown. And it has a long history of prominent tenants, which helps attract other people to do business with.” The eight-story Travis Park Plaza building is at 711
Navarro St. Casey had owned the building since 2003.
July 5, 2007 San Antonio Business Journal S.A.'s Darren Casey inks deal with California firm STORY LINK (pdf)
October 2006 DARREN CASEY INTERESTS ANNOUNCES LEASE WITH BANK OF AMERICA Darren Casey Interests (now Casey Development, Ltd.), a San Antonio based real estate development firm, announced that it has leased 69,000 square feet in the Crosswinds Business and Technology Park to Bank of America for use as a call center and for back office operations. The building, located at 11826 Tech Com, contains 94,000 square feet and was built in 1999 as a manufacturing facility for Amnitek, Ltd., a maker of plastic injection mold computer components. Only months after signing a ten year lease and commencing operations, Amnitek moved its production to Singapore and vacated the property, though it continued to pay rent. As part of its deal with Bank of America, DCI negotiated a buy-out from Amnitek on its remaining lease term. The building will undergo extensive renovations as part of its conversion from a manufacturing facility to an office building, including thirty new windows cut from the tilt walls, refurbished entrances and new HVAC systems. “This will be a very intriguing adaptive re-use, in some ways like our Cinema Plaza building”, said Darren Casey, President. On that project, DCI converted a former movie theatre to a two-story office building for Nationwide Insurance. Crosswinds Business and Technology Park is a master planned development on 50 acres of land at O’Connor Road and Wurzbach Parkway in northeast San Antonio. DCI has developed 339,000 feet of office, flex and industrial space in the park, whose master plans call for a total of 750,000 square feet. DCI’s other developments include another 600,000 feet of office properties and significant land holdings in the San Antonio area.
October 3, 2005 DARREN CASEY INTERESTS ANNOUNCES SALE OF SAN MARCOS APARTMENTS Darren Casey Interests (now Casey Development, Ltd.), a San Antonio based real estate development firm, announced that it has sold the Hillside Ranch Apartments in San Marcos to GEM Realty Capital of Chicago. The 258 unit Class A property is adjacent to the Texas State University campus and was developed by a Casey partnership in 1997. “We decided some time back to focus our efforts in the office, industrial and retail sectors, and with the apartments at 96% occupancy, it seemed like a good time to sell”, said Darren Casey, President. He added that the company expects to sell its other multi-family development in San Marcos in the fourth quarter. Charles Cirar of CB Richard Ellis brokered the transaction for the sellers. |
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The biggest perk for Travis Park Plaza is that it has about 480 parking
spaces and a covered path to the building.
