San Antonio, Texas, Jan. 04, 2018 (GLOBE NEWSWIRE) -- San Antonio commercial real estate developer R.L. Worth & Associates today announced the leasing of 54,000 square feet of office space to Ernst & Young LLP (EY) in Farinon Business Park, located in a growing regional center northwest of downtown near The University of Texas at San Antonio (UTSA).
“We are extremely excited about this major lease, not only for its implications for our company, but also for the economic development opportunities it carries for the city of San Antonio,” said R.L. Worth Senior Vice President of Leasing Rick Littleton. “EY selected San Antonio for its new campus after a multi-market search, and they chose Farinon Business Park primarily because of its proximity to the pipeline of financial services talent coming out of UTSA.”
As part of one of the largest multi-national professional services organizations in the world, EY already has about 200 employees in San Antonio. The company plans to create as many as three times that number of new jobs at its new client services delivery center in Farinon Business Park, near Interstate 10 and De Zavala Road.
“San Antonio’s solid foundation in the financial services and technology sectors, paired with our strong local recruitment team, made San Antonio extremely competitive for this project and ultimately led EY to choose our community,” said Jenna Saucedo-Herrera, San Antonio Economic Development Foundation President & CEO. “Working with R.L. Worth & Associates, we were able to present EY with a building perfectly suited to accommodate their growth.”
"EY’s Financial Services Organization (FSO) is excited to announce a new San Antonio-based client service delivery center that will bring technology, business process support and other professional services to our clients," said Bucky Feagans, Executive Director of EY's Service Delivery Centers. “The Farinon Business Park offers EY a great space to build out EY@Work, the firm’s workplace model. The new space will provide a work environment to promote teaming and collaboration among our people."
Farinon Business Park is a three-building office complex located in the highly desirable northwest submarket of San Antonio in the master-planned business community of University Business Park. Located on an expansive 21-acre site, Farinon will offer flexible space plans that can accommodate multiple business needs. It will feature a Hill Country feel with native oak trees and outdoor seating; up to 7/1,000 parking ratio; excellent ingress and egress to IH-10, De Zavala Road and Huebner Road; and an exceptional location minutes away from the South Texas Medical Center and in close proximity to dozens of restaurants, retail shops, hotels, banks and entertainment venues. The complex is only 11 miles from the San Antonio International Airport.
EY will occupy the entire second floor of Building II, under construction, which will be a two-story class A office building with 102,699 square feet of space. Approximately 48,545 square feet is still available in Building II. Building III is a proposed two-story class A office building with 84,890 total square feet, which will start construction in the first quarter of 2018 for a delivery Spring of 2019.
“The EY lease is tremendous for R.L. Worth & Associates, and I believe it signals incredible growth for the northwest sector of San Antonio,” said Littleton. “It will make it easier for the city to attract new businesses and retain more of the top-tier students graduating from San Antonio area universities. We are proud to be a part of securing San Antonio’s economic future.”
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About R.L. Worth & Associates
R.L. Worth & Associates is a locally owned San Antonio commercial real estate development, investment and brokerage firm that operates exclusively in South Texas. With a stable portfolio of more than 2.5 million square feet of commercial real estate properties owned and managed internally, R.L. Worth & Associates exceeds clients’ expectations by offering exceptional customer service, with a focus on developing flexible, highly efficient buildings and space plans designed to meet tenants’ long-term business needs. For more information, visit http://www.rlworth.com.
About EY
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.
This news release has been issued by Ernst & Young LLP, a member of the global EY organization that provides services to clients in the US.
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Attachments:
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/8540cb37-65b4-4864-aaa8-acc147db494a
Attachments:
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/d0ae3b65-bfa9-4451-a22b-bfd66e9fdc10