McKinney & Olive acquired by Granite Properties-Highwoods Properties joint venture - Dallas Business Journal

According to a news release from Highwoods, the joint venture’s total investment is expected to be $394.7 million.

"McKinney & Olive is a solid bull’s eye with its prime infill location in a top tier submarket and financially sound, diversified customer base. Plus, with rents estimated to be 35% below-market, McKinney & Olive provides meaningful NOI upside potential,” said Highwoods President and CEO Ted Klinck in a prepared statement.

The property, designed by Cesar Pelli of Pelli Clarke Pelli and developed by Crescent Real Estate in 2016,McKinney & Olive, which aptly sits on the corner of McKinney Avenue and Olive Street in what is arguably Dallas' most vibrant submarket for office, spans more than 492,000 square feet of office space and nearly 50,000 square feet of retail. It also features a Canyon Ranch-designed fitness studio.The project cost was estimated at about $225 million.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

McKinney & Olive acquired by Granite Properties-Highwoods Properties joint venture - Dallas Business JournalGranite Properties and Highwoods Properties Inc. have partnered to acquire Uptown Dallas' McKinney & Olive, according to a report.
Source: DallasBizNews - 🏆 525. / 51 Read more »

A lettuce production problem cost Olive Garden owner millions | CNN BusinessON YOUR SIDE: High lettuce costs are coming for Olive Garden's never-ending salad. onyourside lettuce alabamanewsnetwork
Source: ALNewsNetwork - 🏆 583. / 51 Read more »