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.
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