KBS Secures 85,000 SF in Preston Center Leases

Preston Commons
Preston Commons

KBS Real Estate has added new tenants at its two office properties in Preston Center. The company acquired the three-building, 427,799-square-foot Preston Commons and the 313,609-square-foot xx-story Sterling Plaza tower in June 2013.

Ryan McManigal, vice president and market leader for KBS, said the buildings are benefitting “from a thriving Dallas economy that is both diversified and business-friendly. Demand is also rising in this submarket,” he said, “which is surrounded on all sides by some of the most affluent residential neighborhoods in Dallas.”

Here’s a breakdown on the deals, brokered for KBS by Dennis Barnes, Celeste Fowden, Burson Holman, and Seth Thatcher of CBRE.

Preston Commons

• BP Capital signed a 24,162 square-foot renewal, co-brokered for the tenant by Jerry Averyt of Henry S. Miller and Peery Wood of CBRE.
• Medicision, Inc. leased 8,598 square feet, represented by Ric Kanatzer of Studley.
• Capital Spring leased 2,936 square feet, represented by Mike Cleary of CBRE.
• Yarborough Law leased 1,707 square feet, represented by Patrick Interrante of Interrante Realty.

Sterling Plaza
Sterling Plaza

Sterling Plaza
• 20,340-square-foot extension and expansion by Caimen Energy, represented by Waddell Mashburn of Mashburn Commerical Realty.
• 9,578-square-foot extension by Toombs Hall Foster LLC, represented by Larry Denisoff of The Weitzman Group
• 2,972-square-foot extension by Bulky Capital, represented by Eliza Solender of Solender/Hall, Inc.
• 1,934-square-foot renewal by HUGEdata, represented by Richmond Collinsworth of TIG Real Estate Services
• Monarch Natural Gas LLC leased 1,781 square feet, represented by Brad Devine of Transwestern
• Saddle Resources leased 3,284 square feet, represented by Billy Gannon of Cushman & Wakefield
• 1,766-square foot lease by stHealth Benefit Solutions, represented by Clay Vaughan of CBRE
• 1,541-square-foot lease for Kershaw Family Management, represented by Charley Dickenson of Peloton Commercial Real Estate
• 2,729-square-foot lease by WTAS LLC, represented by Tom Clark of DTZ