Stream Realty Partners (Stream), a national real estate services, development, and investment company, announced it was named leasing and property management partner for The Pyramid, a 220,693 square-foot building in North Central San Antonio. In a separate deal, Stream was also awarded the leasing and property management of Lincoln Center, a 155,022 square-foot building in Northwest San Antonio.

The Pyramid has leasing availabilities from 2,025-13,615 SF over three floors. The Class A building is defined by its unique architecture and shrinking floorplate as the building rises towards the sky, creating a profile that can be illuminated through an exterior LED lighting system. Plans are already in the works to use the building to celebrate holidays and milestones for the San Antonio community. Centrally located, it is just minutes away from the San Antonio International Airport and only a few miles from most of the city.

The building also features a recently renovated fitness center including Peloton bikes and locker rooms with showers, towel service, and saunas. A full-service deli can provide on-site catering and to the new state-of-the-art common training facility with seating up to 50 people.

Scott Ferguson, Vice President at Stream San Antonio will handle leasing for The Pyramid. Sharlyne Friedrich, Senior Property Manager at Stream San Antonio, and Angie Bustamante, Property Administrator at Stream San Antonio, will handle the property management.

“It is an exciting opportunity to work on such an iconic building in San Antonio,” says Ferguson. “We look forward to bringing new companies to one of the most in-demand parts of town to grow their businesses.”

Lincoln Center is an eight-story office building located just off I-10 in the Northwest corridor. Another highlight building in San Antonio’s architecture, it was built in 1981 with a two-winged, v-shape. The building has leasing availabilities from 1,247-6,786 SF in move-in ready suites and features plenty of parking inside a three-story structured and surface-level garage.

Garrett Carlson, Vice President of Stream San Antonio, will join Ferguson on the leasing team. Sharlyne Friedrich, Senior Property Manager at Stream San Antonio, and Angie Bustamante, Property Administrator at Stream San Antonio, will handle the property management.

Freddy’s Frozen Custard & Steakburgers has selected a high-profile development by Houston-based McLeod Sears for its second location in the Corpus Christi MSA.

McLeod Sears is undertaking a major repositioning of a seven-acre tract in Portland, which is just a four-mile sprint to the Port of Corpus Christi and southwest Texas’ most popular beaches. Freddy’s largest franchisee in south Texas has ground-leased a 0.74-acre pad site to develop a 3,710-sf restaurant with two drive-through lanes.

“Double drive-through lanes is one of the hottest design trends in the fast-food industry,” says Michael McLeod-Cobb, who is pre-leasing and ground-leasing the seven-acre development at 1400 Wildcat Dr.

Freddy’s will be adjacent to the recently opened Chick-fil-A, the third restaurant in the market with a dual drive-through. “Both lanes are always busy,” says McLeod-Cobb, a partner in the firm. “It’s a strong beginning for our center and a sign of the times.”

McLeod Sears is planning to kick off work on utility lines in late spring for Freddy’s and AutoZone, which will be building a 7,370-sf store on its 0.74-acre pad site. Grand openings are anticipated in early 2023.

“The attraction for these national brands is Portland’s growth,” McLeod-Cobb says, “and the strength of our center’s location, which is along the most heavily traveled local and commercial route to the coast.”

Portland’s growth is tied to the $38 billion of industrial development from the petrochemical industry. Thousands of residential lots are in various stages of delivery in and around the city. The trade area’s population of more than 120,000, up 41% in the past decade, has an average household income of nearly $103,000 per year.

McLeod Sears’ seven acres, formerly housing a Kmart, are located near the intersection of US 181 and Wildcat Drive, which has a combined daily traffic count of 85,000 vehicles. Pre-leasing is underway for twin buildings, totaling 25,200 sf, for neighborhood services, specialty shops and strong restaurant brands, like Chick-fil-A and Freddy’s. There is one pad site remaining with highway frontage.

San Francisco-based real estate investment firm Hamilton Zanze is pleased to announce the sale of Salado Springs Apartments in the desirable Airport Area submarket of San Antonio, Texas. The firm purchased the property in 2015 and the sale closed on November 18, 2021.

During their ownership, Hamilton Zanze completed numerous exterior improvements and landscaping improvements, and renovated units with new flooring, appliances, hardware, and paint to improve leasing efforts and increase rental rates.

“San Antonio is the second largest city not only in Texas but the Southern U.S. It has seen strong growth with a growing preference for apartment living,” said Anthony Ly, director of dispositions at Hamilton Zanze. “The sale of Salado Springs is a result of successful capital improvement programs and strong management of the property.”

Salado Springs was built in 1997 and is located at 12727 Vista Del Norte in San Antonio. The property comprises 352 one-, two-, and three-bedroom units averaging 856 square feet. The community is pet-friendly and has a resort-style pool and spa, 24-hour fitness center, movie theater, picnic area with barbecues, covered parking, and a dog park.

Austin-based Pearlstone Partners and New York-based ATCOProperties & Management today announced their securing of $130 million in construction financing from MSD Partners, L.P. for Vesper, the 41-story residential high-rise condominiums they are codeveloping at 84 East Avenue in Austin’s dynamic Rainey Street Historic District. Pearlstone and ATCO’s total investment in the project is $165 million. This is MSD Partners’ first financing of a Pearlstone/ATCO project.

“We are excited to commit to the Vesper condo project at 84 East Avenue,” said Adam Piekarski, MSD Partners’ Co-Head of Real Estate Credit. “Codeveloped by our highly experienced partners, Pearlstone Partners LLC and ATCO Properties & Management LLC, this well-designed building will be a significant addition to the Rainey Street Historic District and offer great value. The project also deepens MSD’s long-standing commitment to Austin, which continues to demonstrate extraordinary growth.”

A 41-story residential condominium tower situated on 0.41 acres, Vesper will offer 284 residential homes at an average size of 975 square feet.