Stream Realty Partners (Stream), a national real estate services, development, and investment company, has assisted in the sale of the Travis Building, located at 405 N. St. Mary’s St. in San Antonio, Texas to Harris Bay and DJE Texas Management Group. The Travis Building is a 10-story office building totaling 76,488 square feet located in San Antonio’s central business district (CBD) at the corner of N. St. Mary’s Street and E. Travis Street. The 1924 historic building along San Antonio’s famous Riverwalk is expected to undergo renovations beginning this year.
Kenneth Hartmann with Stream and Bradley Suttle and Scott Herbold of CBRE brokered the transaction. Ken Karmolinski of Divergent Capital arranged the financing.
Hartmann, Senior Associate at Stream San Antonio, said, “We really enjoyed working with Harris Bay and DJE Texas Management Group on this transaction. As a native San Antonian, their refreshing and exciting vision for the transformation of the Travis Building is one we can all get behind. It will not only compliment the historic charm of Downtown, but also bring world-class amenities to the tenants in that area.”
The Travis Building is ideally situated along the Riverwalk, the heart of major employment centers in the CBD, yet easily accessible to occupiers since it is removed from the main tourist portion of the area. The property’s new owners plan to convert the property to 63 luxury apartments and 20,000 square feet of commercial space.
For additional information on the transaction, please click here to read San Antonio Business Journal’s coverage “Exclusive: Historic building on River Walk to become apartments.”