Home security and safe company MODLOCK to open new retail concept in Pasadena, CA

 

Marisa Renfro

 LOS ANGELES, CA, Sept.18, 2023 –– With the growth of brick-and-mortar retail concepts, JLL announced today that MODLOCK has signed a 1,680-square-foot lease at 15 East Holly Street in Pasadena, California. 

 

Frank Renfro

 MODLOCK is an innovative retail concept that redefines home safety and security. It offers a contemporary approach, featuring an experiential showroom that showcases cutting-edge AI-driven security tools.

 

Additionally, MODLOCK proudly serves as licensed dealers for trusted brands like Liberty Safe, Alarm.com, Google Home,

 and more.

“At MODLOCK, we prioritize delivering a personalized and immersive shopping experience to homeowners,” said Frank Renfro, MODLOCK CEO.

 

Houman Mahboubi 

“Our showroom will allow customers to try before they buy, empowering them to make informed decisions about their security needs. 

"Additionally, we are committed to not only offering exceptional products but also providing robust service support through partnerships with trusted companies in the industry”

 

Renfro went on to say, “In a rapidly evolving landscape where traditional door locks are being replaced by digital counterparts, police departments advocate for video-verified alarm systems, disruptive AI security solutions emerge, and the demand for a reimagined locksmith store has never been higher.”

JLL’s Houman Mahboubi and Marisa Renfro represented MODLOCK in the lease.  The landlord was represented by Hoss MacVaugh of MacVaugh & Company.

Hoss MacVaugh

“As the only Liberty Safe exclusive safe dealer in Southern California, MODLOCK wanted to open a showroom that had access to multiple transportation corridors and neighboring communities,” said Mahboubi, JLL Managing Director.  “The company likes the visibility this property provided.”

 

Renfro continued by saying “MODLOCK is planning to build out a region-wide retail footprint with robust service companies to support the retail units.”

 

 

Contact:

 

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

 

 

 

KBS Signs a 15,099 SF New Lease Agreement With Brunswick Group at 21-Story Class A Office Tower in Dallas, TX

 

Turtle Creek, a 21-story, 300,961 square-foot
 Class A office tower located in Dallas, TX

DALLAS, TX – KBS, one of the largest owners and operators of premier commercial real estate buildings in the nation, has signed a 15,099 square foot lease agreement with Brunswick Group, a global advisory firm at 3811 Turtle Creek, a 21-story, 300,961 square-foot Class A office tower located in Dallas, Texas.

Giovanni Cordoves

The transaction represents the presence of improving leasing fundamentals in the Dallas-Fort Worth market, according to Giovanni Cordoves, Regional President, Western U.S.

 

“Despite challenges in increasing interest rates and the cost of capital expenditures, KBS continues to see promise in the Dallas office market. 3811 Turtle Creek offers Brunswick Group the ability to lease new office space in the area that accommodates their recent growth as well as their future anticipated growth,” says Cordoves.

Kim Brooks

“While summer vacations and storms have impeded some of the progress, the Dallas metro area continues to be one of the leading metro areas in the country in returning employees to the office, at times topping more than 60%, according to the Kastle Return to Office Barometer. 

Justin Miller

This combined with a limited construction pipeline, point to an ongoing recovery for Dallas’ top-tier office properties in the near future.”

Kim Brooks, Justin Miller and Scott Walker with Transwestern Real Estate Services represented KBS in the transaction.

 

Jihane A. Boury, vice chairman at Savills, represented Brunswick Group in the leasing transaction.

“Brunswick Group’s move to 3811 Turtle Creek will allow them to have a full floor with great views of the beautiful Dallas skyline,” says Boury. “We are excited to have found them a location that serves their Dallas office needs.”

Scott Walker

The property offers spectacular views of downtown Dallas, Turtle Creek and the Park Cities. It is connected to Turtle Creek Village which offers a 22,000-square-foot grocery store and 100,000 square feet of restaurant and entertainment-themed retail space.

3811 Turtle Creek is a LEED Gold-certified, Energy Star-rated, WiredScore Golbuilding that has achieved a BOMA 360 Performance rating.

The asset is located within blocks of downtown Dallas’ West Village, which includes 275,000 square feet of restaurants and pedestrian-friendly retail.

Jihane A. Boury

First-class amenities at the property include a newly renovated lobby, corridors, gym and deli; new contemporary spec suites; a tenant wine bar and game room with wine lockers; and outdoor patio with fire pits.

Brett Merz,

Additional common amenities include a conference center, event facilities, a free bike-sharing program, and on-site car wash/detailing.

“We were pleased to work with Brunswick Group and welcome them to 3811 Turtle Creek’s prestigious location which offers supreme amenities, and stellar service,” says Brett Merz, asset manager for 3811 Turtle Creek and senior vice president of KBS.

“As a company, we approach sustainability with transparent and measurable goals and 3811 Turtle Creek is no exception.

"With its multiple green features, this property offers tenants excellent walkability, a unique design, and an unparalleled tenant experience.”

 

Contact:

 

Arleeny Escarcega 

aescarcega@thesmartagency.com