The 500 employees who work in USAA's office towers downtown will soon move back to the sprawling headquarters campus in Northwest San Antonio.
USAA says it will vacate its downtown San Antonio offices, shown here in 2017, by the end of the year.USAA announced Wednesday that the San Antonio-based insurance and financial services company is planning to vacate its downtown offices by the end of the year.
Over the last several years, USAA has already exited more than 10% of its real estate footprint nationwide, which amounts to 1 million square feet of office space, said the spokesman. In so doing, the company has saved about $31 million a year. Four years later, the company also purchased the adjacent 28-story Bank of America Plaza at 300 Convent St. and moved several IT departments that formed an “innovation team” into four floors of the building. Throughout 2018, several hundred more USAA tech workersLater that same year, City Council approved an incentive package for USAA as it planned to bring another 1,500 jobs to San Antonio and spend at least $70 million in building and garage improvements at its two downtown office towers.
“The pandemic and then also the recession that we’re kind of entering into is hitting every large corporation differently, and I don’t think that USAA is immune to it,” said Charles Woodin, CEO of the tech incubator. “We have a close relationship with USAA and even though they’re leaving the buildings that they had purchased downtown, they’ll always have a home in downtown with Geekdom.”
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