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2699 Howell Street

Stream Realty Partners Secures $228.2 Million Loan From KKR For Uptown Dallas Office Campus
FINANCEDOffice

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

Colby Mueck

JLL

Broker

$2B

vol

11 deals

Broker
JLL
JLLBrokerage
Joseph Bae

Joseph Bae

KKR

Lender

$2.6B

vol

14 deals

Lender
Stream Realty Partners⁠
Stream Realty Partners⁠Landlord

Dallas Office Market Snapshot

Boundary boundary · Office · Loan transactions

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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