SAN ANTONIO -- Tesoro Corp. has announced that it will construct a new corporate headquarters campus in San Antonio. The campus will be located in a new Class A, master-planned office park being developed by Patrinely Group of Houston, at the intersection of Highway 281 North and Redland Road, north of Loop 1604.
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. Our [image-nocss] 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.
Due to the significant growth the company has experienced over the past several years, Tesoro has outgrown its current headquarters, forcing its local employee base to be divided into two separate buildings in San Antonio. The new campus will bring all Tesoro employees back together in one location.
The new office park will be located on 122 acres of land on San Antonio's North side. Tesoro's corporate campus will use a portion of this property and will include approximately 600,000 square feet of office space.
Patrinely Group has chosen the Houston office of Gensler to design the overall master plan for the park, in addition to Tesoro's new headquarters campus, which is scheduled to be completed in 2009.
We intend to create an exceptionally attractive Class A office park that will hopefully set a new benchmark for San Antonio, said Dean Patrinely, Managing Principal of Patrinely Group, LLC. We are very pleased that Tesoro has decided to be our anchor tenant at the new office park.
Tesoro is an independent refiner and marketer of petroleum products. It operates six refineries in the western United States, and its retail marketing system includes more than 475 branded retail stations, of which more than 200 are company operated under the Tesoro and Mirastar brands. Tesoro's commercial marketing system includes sales of jet fuel and marine fuels.
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