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Parallel Capital Partner Inks $20M in Leases at Urban Towers

Parallel Capital Partners inked deals with three new tenants, Teknion Data, Informa and Abeam Consulting, totaling more than 50,000 square feet at Urban Towers. Additionally, Terremark renewed its contract at the office building in the Irving, TX neighborhood of Las Colinas. The leases, combined, were valued at more than $20 million.
The tenants include:

  • Informa, 23,354 square feet
  • Teknion Data Solutions, 17,229 square feet
  • Abeam Consulting (USA) Ltd., 10,656 square feet
  • Terremark, 22,172 square feet

San Diego-based Parallel Capital acquired the 848,951-square-foot Urban Towers in 2013. The two-building property, situated on 11.2 acres at 222 W. Las Colinas Blvd., is 85% occupied. The buildings delivered in 1982 and 1984.

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About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

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