The Offices at Kimball Park Opens with 57 Percent Occupancy
Posted: September 12, 2017 : 1343 | Category: General
The City of Southlake now has two additional Class A office buildings, increasing its commercial square footage by approximately 275,000 square feet within the past six months. The Offices at Kimball Park, completed in August, follows the March opening of Granite Place at Southlake Town Square. Located at the northwest corner of State Highway 114 and Kimball Avenue, the four-story office building is the second piece of Kimball Park, a 15.5 acre mixed-use development that is already home to the recently-opened Cambria hotel and suites.
According to Kimball Park developer Jeff Medici, 65,000 square feet of the 115,000 square foot building is leased. Tenants to-date are Executive Medicine, Independence Title, Liberty Mutual, Medici Development Partners and Keller Williams Realty DFW Southlake, which is occupying approximately 40,000 square feet on two floors.
“I knew that in order to do a Class A office building in Southlake successfully, I needed to have good anchor tenants. This building has all the bells and whistles to get folks excited and bring top tier businesses to Southlake,” Medici stated, noting features include an onsite building manager, parking garage, state-of-the-art lighting and access control systems, and programmable 40-inch display panels outside each office.
One of Medici’s goals for the building was to have a wow factor, which is accomplished with a floating staircase in the two-story lobby, accented by a black walnut art feature, Italian tile and transitional furnishings. Outside the front entrance, a water fountain will soon be installed by Southlake-based Claffey Pools.
Tenants are in the process of finishing out and moving into their spaces on the first, second and third floors. The fourth floor, which is currently not leased, offers a balcony with linear fireplace and flatscreen television.
Medici confirms that he has sold a parcel to a developer in Keller who is building a restaurant and spa across from the office building; a groundbreaking ceremony is expected to take place in September. This is the next step in the development of Kimball Park, which was once the site of a large MESCO metal fabrication facility since the 1950s.
During the groundbreaking ceremony for The Offices at Kimball Park in July 2016, Southlake Mayor Laura Hill expressed her appreciation for all involved in the redevelopment of what is considered the eastern gateway to Southlake.
“This piece of property is a Cinderella story with a happy ending,” commented Hill. “Keller Williams has been an incredible neighbor and made such a significant investment in this community. Congratulations to all who will call this new building home.”
For more information about The Offices at Kimball Park, visit www.kimballparkoffices.com or contact Keller Williams Realty DFW Southlake at 817-328-1183.
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