KBS Brings 18-Story Class A Office Tower in Dallas, TX to 100% Occupancy with Six New Leases, totaling over 16,000 SF

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