Lease transactions include five new leases and one lease expansion, covering two spec suites and a ground-floor café concept new to the Dallas market. Leases demonstrate office users’ robust appetite for high-quality space in key growth markets despite the pandemic.
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. “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. “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.” 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. “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. 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.” Click to read more at www.businesswire.com.