Stream Closes on $228.1M Refi on The Quad

Stream Realty Partners has obtained financing for The Quad, a 500,000-square-foot office campus in Uptown Dallas. Commercial Edge reports that JLL Capital Markets has placed a five-year senior loan in the amount of $228.1 million, with accounts managed by KKR. Stream Realty acquired the asset in January 2019 from American Realty Advisors.

The complex consists of two office buildings and five retail structures, fully leased by restaurants. It also has a building comprising a theater and additional retail space. 

Located at 2699 and 2681 Howell St. and 2828 Routh St., The Quad sits on four acres and is close to Interstate 35E.

One of the office properties within the development is The QUAD, a 345,425-square-foot building that came online last year. The other building, dubbed The Quadrangle, spans 128,867 square feet and was built in 1985.

JLL Capital Markets’ Debt Advisory Colby Mueck and Greg Napper led the team that represented Stream Realty Partners.

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