CASEY DEVELOPMENT ACQUIRES iHEART BUILDING


CASEY DEVELOPMENT ACQUIRES iHEART BUILDING
  • March 02, 2015


SAN ANTONIO, TEXAS - Casey Development, Ltd. announced it has acquired the headquarters of iHeart Media (formerly Clear Channel Communications) for an undisclosed price. The building, located at 200 East Basse Road, was built in 1999 as the corporate headquarters of Clear Channel Communications. It lies within walking distance of several retail and restaurant establishments, including the Alamo Quarry Market, and overlooks the Quarry Golf course.

Darren Casey, President of Casey Development, said “we are very pleased to own one of the iconic pieces of local real estate and the home of one of San Antonio’s most storied companies. It’s an irreplaceable location and the finest quality building”. Casey added that his company will soon be moving its offices to the building.

200 Basse was designed by Overland Partners and is comprised of 53,789 square feet. iHeart will remain a tenant in approximately two-thirds of the building, Casey will occupy 6,500 feet, and the remaining 10,500 feet will be offered for lease.

About Casey Development, Ltd.

Casey Development, Ltd. is a diversified real estate development and investment firm based in San Antonio, Texas. Since its founding by Darren Casey in 1992, it has developed and acquired over 3 million square feet of office, multi-family residential, retail and industrial properties primarily in San Antonio, Austin and along the IH-35 corridor.