Security Service Federal Credit Union (SSFCU) officials today announced they have acquired 66 acres from Santikos Real Estate Companies for potential future development. The land is bordered by IH-10 frontage road, UTEX Boulevard, and Leon Creek Greenway.
SSFCU was represented by Dominion Advisory Group in the acquisition. According to SSFCU President, Jim Laffoon, “As a growing enterprise we are delighted to acquire this property in such a rapidly developing part of the city. With several business units currently in leased facilities, development of a campus on this site will allow us the ability to consolidate our back office operations for many years to come.”
SSFCU selected this location for its close proximity to its Corporate Headquarters, allowing flexibility to meet future expansion needs efficiently and effectively, which may include the relocation of the Corporate Headquarters should that prove to be beneficial.
Security Service is exploring the possible sale of its La Cantera facility and is working with Dominion Advisory Group and CBRE to market the property.
To explore development options for the property, Security Service has engaged Pape Dawson Engineers, Inc. for civil engineering, while Lake Flato and RVK Architects, in a joint effort, will provide site master planning and building design. Dysart LLC will provide development management services.
About Security Service Federal Credit Union
Security Service Federal Credit Union offers competitive, affordable financial products and services designed to meet the needs of its members. Headquartered in San Antonio, Texas, Security Service is an industry-leading financial institution with $7.7 billion in assets and 70 locations in Texas, Colorado and Utah. The credit union is among the top 10 credit unions in the nation. Security Service strives to be America’s best credit union and provides the true benefits of credit union membership with financial services of the highest quality and value. Learn more at www.ssfcu.org or call 1-888-415-7878.