ALEX San Antonio. Saueressig Engineering relocating HQ from Pittsburg to San Antonio.

ALEX’s take: ALEX has been advocating San Antonio for 4 years. For residential buyers, the value proposition is compelling. And, North San Antonio (North of 1604) looks and feels a lot like suburban Austin. For investors, CAP rates are higher, cost per SF are lower, and demand is high.

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Culture Map’s take: “…Pittsburgh-based conglomerate Matthews International Corp. has picked San Antonio as the North American headquarters for its Saueressig Engineering business…Saueressig Engineering designs and makes equipment like lithium-ion battery electrodes and fuel cell plates. The San Antonio site will employ engineers, programmers, and technicians working on products for customers in energy storage, automotive, and other industries. Last year, a German media outlet reported that Tesla had tapped Saueressig Engineering to develop machines for producing battery cells in the U.S. and Europe, including a Tesla factory under construction just east of Austin.”

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