AUSTIN, TX—Stream Realty Partners is expected to finalize the purchase of the Bank of America Tower and the surrounding office block today.

According to a report in the Austin Business Journal, an executive at Stream provided the inoformation on what will be one of the largest deals of the year. The website said the parcels are valued at more than $70 million.

Stream is located in Dallas, and the redevelopment project is expected to be the largest it has attempted in Austin. The 26-story Bank of America Tower, 515 Congress Avenue, was completed in 1975.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.

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