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KBS Acquires Pair of Irving, TX Assets

KBS Strategic Opportunity REIT acquired 125 East John Carpenter and 5100 North O’Connor in Irving, TX’s Las Colinas market for an undisclosed amount. The Class A, 18-story office tower and six-story office tower total 442,039 square feet, and are currently 84% leased.

The Newport Beach, CA-based non-traded real estate investment trust picked up the asset from Brookwood Financial Partners, LLC. Las Colinas is a business and residential community centrally located between Dallas and Fort Worth.

KBS Strategic Opportunity REIT’s David Moore says, “We look forward to expanding KBS’ footprint in Texas with the acquisition of this property. We anticipate the key drivers of this property are the excellent location, walkable amenities and leasing opportunity.”

Brookwood was represented by HFF.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition