Charles Schreiber Jr. Of KBS Real Estate Investment III Signs 41,000 SF Lease With J. Powell Brown

The property asset involved in the transaction is an office space located at 7160 Dallas Parkway in Plano. The leased space encompasses 41,000 square feet. This lease has been executed by KBS Real Estate Investment III as the landlord, reflecting a notable development in the Plano market.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Landlord: Charles Schreiber Jr - KBS Real Estate Investment III
• Tenant: J. Powell Brown - Brown & Brown
• Landlord's Representative: Alexandra Cullins - CBRE
• Tenant's Representatives: Kevin Meissner & Travis Boothe - Cushman & Wakefield

The deal underscores tenant demand for quality office environments, characterized by energy efficiency and tech-enabled amenities. The transaction involved key players from the real estate sector, with Alexandra Cullins representing the landlord and Kevin Meissner alongside Travis Boothe representing the tenant, highlighting the collaborative effort in securing the lease following the broader market trends in Dallas.