Granite/Highwoods Join Forces to Acquire Dallas’ McKinney & Olive for $395M

Granite Properties and Highwoods Properties jointly acquired McKinney & Olive, a high-profile mixed-use project on 3 acres in Uptown Dallas. The joint venture’s total investment is expected to be $395 million. McKinney & Olive offers office and retail, along with a one acre plaza. The 20-story, Class-AA office building and retail destination is 99 percent leased. 

Highwoods Ted Klinck added, “This beautifully-designed, amenity-rich office building is in a well-established and highly desirable location, which creates compelling and competitive environments where customers can enjoy work-placemaking at its finest.”  

McKinney & Olive was delivered in 2016. Amenities include: 

• A two-and-a-half story lobby  
• A fifth-floor rooftop terrace connecting to a lounge, fitness center, and conference center equipped with business support and technology 
• Valet parking, EV charging stations and bike storage 
• Conveniences including a market, dry cleaning, auto detail service, and shoeshine service 
• A handful of eateries with two more on the way

Granite and Highwoods are also developing 23Springs in Uptown, just four blocks from McKinney & Olive.