 |
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
