
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.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition