Kone Americas Renews 31000 SF Lease With CP 450 Global Investors LLC In Allen Texas

The asset involved in this transaction is an office property located at 450 Century Parkway in Allen, Texas. The total square footage of the space is 31,000. The market for this asset is identified as Allen.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 450 Century Parkway
• Market: Allen
• Asset Size: 31,000 SF
• Landlord: Kone Americas
• Tenant: CP 450 Global Investors LLC
• Landlord's Representative: Richmond Collinsworth & Jared Laake - Bradford Commercial Real Estate Services
• Tenant's Representative: Melissa Holland & Gregg Raus - JLL
• Lease Term: 10 years

Kone Americas has renewed its lease at this location a year early, securing a 10-year term and maintaining the building's 85% occupancy. The company is noted as the largest tenant in the 102,000 SF office building, which is integral to its U.S. operations, including associated warehouse and R&D facilities.