 |
Highland Park Place, 18-story, 164,011- SF Class A
office tower located at a premier business address
in Dallas’ vibrant Knox Henderson District |
Dallas, TX – KBS, one of the largest investors
in premier commercial real estate in the nation, has signed lease agreements with
six tenants at Highland Park Place,
an 18-story Class A office tower at 4514 Cole Avenue in Dallas, Texas.
 |
Kim Lyon
|
The culmination of these transactions brought the
property to 100% occupancy and included five new leases and one lease
expansion. In addition, it covered two spec suites and a ground-floor café
concept new to the Dallas market. |
Renee Castillo
|
“KBS has a long history of identifying assets with
strong income potential located in the epicenter of key growth markets
throughout the country, including Dallas,” says Giovanni (Gio) Cordoves,
Western regional president for KBS. |
| Giovanni (Gio) Cordoves |
“The
leases completely fill the building’s remaining rentable square footage and
demonstrate office users’ ongoing healthy appetite for high quality space even
in the midst of the current pandemic.”
 |
| Lauren Napper |
Highland Park Place is a 164,011 square-foot
office building located at a premier business address in Dallas’ vibrant Knox
Henderson District, in close proximity to an eclectic mix of retail, dining and
entertainment options, says Brett Merz, asset manager for Highland Park
Place and senior vice president at KBS.
 |
Brett Merz
|
“Highland Park Place offers a wealth of
first-class on-site amenities including management, an on-site carwash/detail
service, an energy management system, free bike sharing, a property smartphone
app, conference center/boardroom, shower/locker rooms, express shipping
service, high-speed internet, and a U.S. postal office. |
| Rich Flaten |
There is also a grocery store, fitness center and a
major university nearby. Tenants have everything at their fingertips so they
can work, eat, shop, exercise and relax, all within the neighborhood.”
 |
| John Ellerman |
KBS has signed transactions with the following
tenants at Highland Park Place:
A Privte Advisory Firm – a 5,109 square-foot new
lease; the tenant was represented by Rich Flaten and John Ellerman
with CBRE
iDesign – a 2,829 square-foot new lease
A Construction Company – an extension of their
2,340 square-foot space and an expansion of 1,468 square-feet; the tenant was
represented by Kim Lyon and Scott Hobbs with Cushman &
Wakefield.
 |
| Scott Hobbs |
Fairgrounds Coffee and Tea– a 2,176 square-foot retail
lease; the tenant was represented by Todd Siegel with CBRE
Greystone
Servicing Company – a 1,782 square-foot new
lease; the tenant was represented by Renee Castillo with CBRE
Willowood Group – a
1,071 square-foot new lease; the tenant was represented by Justin Utay
with NAI Robert Lynn
 |
Justin Utay
|
The new leases for iDesign and Willowood Group are
part of a successful progressive spec-suite program that KBS introduced to help
facilitate leasing transactions and allow tenants to customize their space at
its properties, according to Cordoves.
 |
| Robert Lynn |
Fairgrounds Coffee & Tea is not your average
coffee shop, the one-of-its-kind cafe destination is all about choice. The
company offers a dozen craft coffee roasters from across the country, such as
Verve, Stumptown and Colectivo all under one roof.
In the Fairgrounds world, tea is treated with the
same emphasis as coffee, with options including matcha whisked to order,
healthy, colorful elixirs and 15+ tea varietals, served hot or iced.
 |
| Trey Smith |
Trey Smith,
executive vice president, and Lauren Napper, senior vice president at
CBRE, represented KBS in the new lease transactions.
“The exclusive location, superior amenities, and
high-quality management at Highland Park Place position it as an extremely
desirable property for office users in the Dallas market,” says Napper.
“Companies are drawn to this asset for its ability
to help them attract and retain top talent in this market, and they stay for
the excellent services that KBS provides.”
 |
| Peter Bren |
KBS is one of the largest investors of premier
commercial real estate in the nation. As a private equity real estate company
and an SEC-registered investment adviser, KBS and its affiliated companies have
completed transactional activity of more than $42 billion on behalf of private
and institutional investors globally.
Founded in 1992 by Peter Bren and
Chuck Schreiber, KBS acquires and operates prime commercial real estate in
some of the most successful epicenters in the country.
The firm is committed in its business ethics, its
business relationships and its constant focus on exceeding the expectations of
its investors, partners and tenants.
 |
| Chuck Schreiber |
SEC registration as an investment advisor does not
imply any particular level of skill or training. For more information on KBS,
please visit www.kbs.com.
CONTACT:
Micaela Fehrenbach
Account Executive
O 949 438 6262 x8
Brower Group, Inc.
The Smart Agency® for Smart Clients who want Smart Work
220 Newport Center Drive, Suite 22 · Newport Beach, CA 92660
