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Downtown Austin block sold to multiple buyersDowntown Austin block sold to multiple buyershttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=106332015-09-24T05:00:00Z

​​​​AUSTIN – Dallas-based Stream Realty has sold three downtown properties to a mix of local and international buyers.

AFIAA Swiss Foundation purchased the former annex building at 501 Congress on Aug. 24. 

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

California-based KBS Real Estate Investment Trust bought the 26-story, 260,000-sf Bank of America tower. Stream will remain as a tenant in a 10,000-sf office space and will manage and list the building on behalf of KBS. 

The three parcels, collectively valued by the Travis Central Appraisal District at about $122 million, were purchased by Stream in spring 2013. The site has been packaged together but divided up after a deal for the entire block fell through with Atlanta-based Invesco Real Estate.

Austin Business Journal
Austin-Round Rock
Mixed-Use
http://www.bizjournals.com/austin/blog/real-estate/2015/09/austin-downtown-block-sold-to-local-international.html?iana=ind_creRead more at {Source}

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