Austin: Congress block sellsAustin: Congress block sellshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=106182015-09-24T05:00:00Z2015-09-24T20:00:00Z

​​AUSTIN - The sale of a prominent downtown Austin block involving three diverse properties has been completed — the Bank of America Tower at 515 Congress Ave., the former annex building at 501 Congress Ave. and the Littlefield mixed-use building at Brazos and Sixth St. have all changed hands.

All three parcels are collectively valued by the Travis Central Appraisal District at about $122 million.

The three sales were finalized by Stream Realty Partners between late August and early September. 

The first deal to close was the acquisition of 501 Congress by AFIAA on August 24. The former dingy 123,000-sf bank annex building has been transformed into a light filled atrium with major tenants. ​

California-based KBS takes over the 26-story Bank of America tower — about 260,000 sf. Stream will remain as a tenant in a 10,000-sf office space and will manage and list the building on behalf of KBS.

A partnership headed by Austin investor David Kahn acquired the Littlefield garage, which also includes an upscale Gold's Gym and the Littlefield Lofts short-term rental property.​

Austin Business Journal
Austin-Round Rock
http://www.bizjournals.com/austin/blog/real-estate/2015/09/austin-downtown-block-sold-to-local-international.htmlRead more at the {Source}

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