KDC, Invesco Real Estate Break Ground on 12-Story Office Tower in Uptown Dallas
150,000-square-foot tower to feature boutique office space, ground floor retail
DALLAS – Sept. 16, 2014 – KDC, one of America’s leading commercial real estate and investment firms, along with Invesco Real Estate today broke ground on a new 12-story, 150,000-square-foot office building in Uptown Dallas.
Located at 1920 McKinney Avenue at Harwood Street, the Class A office building will feature six stories of boutique office space on top of a six-story parking structure with 8,500 square feet of ground floor retail and restaurant space.
“The Uptown market is booming and we’re excited to be developing one of the last remaining prime locations in the area,” said Steve Van Amburgh, CEO, KDC. “Tenants will be able to enjoy all the amenities of a Class A office tower, along with easy access to other trendy areas in Uptown, downtown, and Klyde Warren Park. This is a great example of the ‘all-in-one package’ Corporate America is seeking.”
Construction on the office tower is scheduled to begin in the coming weeks with completion scheduled for early 2016. The tower will feature a ratio of three parking spots for every 1,000 square feet of office space and is located just a block from Klyde Warren Park.
“The opportunity to collaborate with KDC on the creation of a high quality, boutique property that will appeal to a broad array of users was an exciting opportunity for us. This location will be at the epicenter of everything that has made Uptown Dallas the most desirable live, work, play neighborhood” said John Blaylock, Senior Director Acquisitions, Invesco Real Estate. BOKA Powell is the project architect, JLL is leasing the office space, and The Retail Connection is responsible for ground floor retail leasing.
KDC, one of America’s leading commercial real estate development and investment companies, provides a full range of commercial real estate services including corporate build-to-suit development, acquisitions, corporate facility project/construction management, project financing, asset and land management, and marketing and leasing. KDC is headquartered in Dallas and has offices in Atlanta; Austin, Texas; Charlotte, N.C., and Houston. For more information, please visit kdc.com.
About Invesco Real Estate
Established in 1983, Invesco Real Estate manages $61.5 billion of real estate investments, including $34.7 billion in direct real estate investments and $26.8 billion in real estate securities (as of June 30, 2014). With more than 380 employees in 20 offices worldwide, the Dallas-based group focuses on top-down market and property fundamentals combined with bottom-up local market intelligence. Senior members of the management team have worked together for more than 25 years, contributing to the consistent implementation of Invesco’s investment strategy and resulting performance. Additional information is available at www.invescorealestate.com.