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Press Releases

KBS REIT III Signs 20,748 Square Feet in Leasing at Tower 909 in Irving, Texas

  • July 17, 2018
Press Releases

KBS REIT III Signs 20,748 Square Feet in Leasing at Tower 909 in Irving, Texas

  • July 17, 2018
IRVING, Texas (July 17, 2018) – KBS Real Estate Investment Trust III (“KBS REIT III”), a non-traded real estate investment trust based in Newport Beach, California, announced today the signing of 20,748 square feet in leases at 909 Lake Carolyn Parkway in Irving, Texas. Energy Hunter Resources, an oil-focused exploration and production company, renewed and expanded their lease for 4,856 square feet, Lendlease Group, a multi-national construction, property and infrastructure company, renewed their lease for 5,858 square feet and Silver Creek Midstream, a private midstream company, signed a new lease for 10,034 square feet.

Tower 909 is a Class A, multi-tenant building located in the
heart of the Urban Center of Las Colinas in Irving. The 19-story property
totals over 364,000 square feet of rentable office space. Tenants on the
property benefit from amenities such as a new deli, conference center, fitness
center, parking garage and tenant lounge. The property also has a new shuttle
that provides tenants access to new retail and entertainment developments,
including Toyota Music Factory and Water Street.

Situated on the shore of Lake Carolyn, Tower 909’s elegant
granite and reflective glass exterior are a testament to its recent functional
and cosmetic renovations. The property’s prime location also offers 360-degree
views, and proximity to The Mustangs of Las Colinas Sculpture Museum, the
Dallas Marriot and Las Colinas Country Club. The office building is also near
the Dallas/Fort Worth International Airport and is easily accessible from Las
Colinas’ Area Personal Transit System and Urban Center Station.

“Located within the Urban Center, Tower 909 is an ideal
location for tenants looking to provide a work-life balance to their
employees,” said Brett Merz, senior vice president for KBS and asset manager
for the property. “We are grateful to continue our long-lasting relationships
with Energy Hunter Resources and Lendlease Group, and look forward to also
having Silver Creek Midstream as a long-term client.”

Ben Sumner with Centurion represented Silver Creek
Midstream, Tim Terrell and Todd Noonan of Stream represented Energy Hunter
Resources, and Brian Wilson, Preston Knowlton and Mike Wyatt of Cushman and
Wakefield represented LendLease Group in the transactions.

Media Contact

Ginny Walker

KBS PR Manager
949-417-6535
gwalker@kbs.com

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Designing Office Space for Inclusion and Equality

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