Binswanger/CBB Finds Immediate Buyer for AutoZone Property in San Antonio, Texas

DALLAS--Dec. 9, 2004--Binswanger/CBB recently found an immediate buyer for a remarkable, one-story, 212,000 sq. ft. building with acreage. The property is located at 1235 Gembler Road.

The seller, AutoZone, is a leading retailer of automotive parts and accessories with over 3,400 stores in the US and Mexico. They feature an extensive line for cars, sport utility vehicles, vans and light trucks. Founded in 1979, AutoZone is now listed on the New York Stock Exchange and has garnered a coveted spot in the Fortune 500. AutoZone consolidated operations at this facility into their brand-new 600,000 sq. ft. distribution center in Terrell, TX.

Stream Realty Partners, L.P. purchased the property as an investment. A full-service real estate investment, development and services company, they lease and/or manage 95 office buildings totaling over 17,000,000 square feet in Dallas, San Antonio, Austin, Amarillo, and Fort Worth, Texas.

Headquartered in Philadelphia, PA, Binswanger/CBB is an international, full-service real estate organization, with over 160 offices worldwide throughout the U.S.A., Canada, Mexico and South America, the U.K. and Europe, the Middle East, Asia and Australia.