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SAN ANTONIO -- Due to the significant growth Tesoro Corp. has experienced over the past several years, the company announced that it will construct a new corporate headquarters campus here. Tesoro has outgrown its current San Antonio headquarters, forcing its local employee base to be divided into two separate buildings. The new campus will bring all the company’s employees back together in one location.
"Tesoro has more than doubled in size since we moved to our current office location in 1999. The new corporate headquarters campus is a reflection of our success and plans for future growth," said Bruce Smith, chairman, president and CEO of Tesoro Corp. "Our company has been in San Antonio since 1968, making us one of the oldest publicly- traded companies in the city. We are proud to call San Antonio home and we're excited to be a part of the new master-planned office park by world class developer, Patrinely Group."
The new master-planned office park will be located on 122 acres of land on San Antonio's North side. Tesoro's corporate campus will utilize a portion of this property and will include approximately 600,000 square feet of office space. The headquarters should be completed by 2009, according to the company.
"We are very pleased that Tesoro has decided to be our anchor tenant at the new office park," said Dean Patrinely, managing principal of Patrinely Group LLC.
Brokers in the land acquisition on behalf of the buyers were Louis B. Cushman, Vice Chairman of Cushman & Wakefield of Texas, Inc., and San Antonio-based Steven W. Garza, President of Providence Commercial Real Estate Services, Inc. Engineering work is being done by San Antonio-based Pape-Dawson Engineering Inc.
Tesoro Corporation, a Fortune 200 company, is an independent refiner and marketer of petroleum products. Tesoro operates six refineries in the western United States with a combined rated crude oil capacity of more than 560,000 barrels per day. Tesoro's retail marketing system includes over 475 branded retail stations, of which more than 200 are company operated under the Tesoro and Mirastar brands.