Stream Realty Lands $228M for Dallas Office Campus

Stream Realty Partners has obtained financing for The Quad, a 500,000-square-foot office campus in Uptown Dallas. JLL Capital Markets placed the five-year senior loan with accounts managed by KKR.

The company took out a $228.2 million note, according to Dallas County public records.

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 occupies 4 acres close to Interstate 35E. Downtown Dallas is less than 2 miles away, while DFW International Airport is 17 miles northwest. The 220-unit AMLI Quadrangle residential component is also nearby.

Office loan originations rose 181 percent year-over-year in the third quarter of 2025, according to a Mortgage Bankers Association report. On a quarterly basis, the figure clocked in at 67 percent, pointing to a recovery that lines up with broader shifts in office real estate trends.

An eight-building Dallas campus

One of the office properties within the development is The QUAD, a 345,425-square-foot building that came online last year. Previous financing for the Class A, 12-story facility included a $181 million loan from MSD Capital.

The other building, dubbed The Quadrangle, spans 128,867 square feet and was completed in 1985. Stream Realty acquired the asset in January 2019 from American Realty Advisors, according to Yardi Matrix information.

The campus also includes more than 1 acre of outdoor space, as well as an urban lawn. Other amenities feature The Quad Club, a space on the top floor at 2699 Howell St. that has a tenant lounge, conference rooms and a balcony, as well as an athletic studio and more than 1,000 parking spaces.

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