DALLAS, Texas (September 12, 2023) – KBS, one of many largest homeowners and operators of premier industrial actual property buildings within the nation, publicizes that it has signed a 15,099 sq. foot lease settlement with Brunswick Group, a worldwide advisory agency at 3811 Turtle Creek, a 21-story, 300,961 square-foot Class A workplace tower situated in Dallas, Texas.
The transaction represents the presence of enhancing leasing fundamentals within the Dallas-Fort Price market, in accordance with Giovanni Cordoves, Regional President, Western U.S.
“Regardless of challenges in rising rates of interest and the price of capital expedentiures, KBS continues to see promise within the Dallas workplace market. 3811 Turtle Creek provides Brunswick Group the power to lease new workplace area within the space that accommodates their latest development in addition to their future anticipated development,” says Cordoves. “Whereas summer time holidays and storms have impeded a number of the progress, the Dallas metro space continues to be one of many main metro areas within the nation in returning workers to the workplace, at instances topping greater than 60%, in accordance with the Kastle Return to Workplace Barometer. This mixed with a restricted development pipeline, level to an ongoing restoration for Dallas’ top-tier workplace properties within the close to future.”
The property provides spectacular views of downtown Dallas, Turtle Creek and the Park Cities. It’s linked to Turtle Creek Village which provides a 22,000-square-foot grocery retailer and 100,000 sq. toes of restaurant and entertainment-themed retail area. 3811 Turtle Creek is a LEED Gold-certified, Power Star-rated, WiredScore Gold constructing that has achieved a BOMA 360 Efficiency ranking. The asset is situated inside blocks of downtown Dallas’ West Village, which incorporates 275,000 sq. toes of eating places and pedestrian-friendly retail. First-class facilities on the property embrace a newly renovated foyer, corridors, gymnasium and deli; new up to date spec suites; a tenant wine bar and recreation room with wine lockers; and outside patio with hearth pits. Further widespread facilities embrace a convention heart, occasion services, a free bike-sharing program, and on-site automobile wash/detailing.
“We had been happy to work with Brunswick Group and welcome them to 3811 Turtle Creek’s prestigious location which provides supreme facilities, and stellar service,” says Brett Merz, asset supervisor for 3811 Turtle Creek and senior vp of KBS. “As an organization, we method sustainability with clear and measurable targets and 3811 Turtle Creek isn’t any exception. With its a number of inexperienced options, this property provides tenants wonderful walkability, a novel design, and an unparalleled tenant expertise.”
Kim Brooks, Justin Miller and Scott Walker with Transwestern Actual Property Providers represented KBS within the transaction.
Jihane A. Boury, vice chairman at Savills, represented Brunswick Group within the leasing transaction.
“Brunswick Group’s transfer to 3811 Turtle Creek will enable them to have a full ground with nice views of the attractive Dallas skyline,” says Boury. “We’re excited to have discovered them a location that serves their Dallas workplace wants.”
Please discover pictures of the property right here.
