Stream Realty Partners Secures $228.2 Million Loan From KKR For Uptown Dallas Office Campus
2699 Howell Street, 2681 Howell Street & 2828 Routh Street
$228,200,000
$152/SF
Building Size
1,500,000 SF
Asset Type
Office
Closing
Dec 8, 2025
AI
The transaction involves an office asset located at 2699 & 2681 Howell Street & 2828 Routh Street in the Dallas market. The total square footage of the property is 500,000, which serves as an office campus known as The Quad, featuring both office and retail space.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $228,200,000
- Lender: Joseph Bae & Scott Nuttall - KKR
- Landlord: Chris Jackson - Stream Realty Partners
- Brokers: Colby Mueck & Gregory Napper - JLL
- Loan Type: Senior Loan
The financing for this property was secured through a senior loan arranged by JLL Capital Markets. This loan is indicative of a broader recovery trend in office loan originations and includes amenities such as an urban lawn, tenant lounge, and over 1,000 parking spots, enhancing the overall appeal of the office campus.
Players
Dallas Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93