**KBC Acquires Uptown Dallas Office Tower with Potential Conversion Plans**
KBC has acquired 3100 McKinnon Street, an 11-story office building located along the Katy Trail in Uptown Dallas. The building encompasses approximately 226,000 square feet. According to company statements, KBC is exploring the potential to convert a significant portion of the space for uses beyond traditional office, with plans potentially incorporating a mix of office, retail, and residential components.
To manage leasing and property operations, KBC has engaged Thirty-Four Commercial. The building is currently offering short-term lease opportunities ranging between 1,400 and 20,000 square feet.
Financial details of the transaction were not disclosed. However, the Dallas Central Appraisal District values the property at nearly $44.6 million. Notable tenants in the building include Balfour Beatty and The Real Estate Council.
Looking ahead, the broader conversation on multifamily development and investment in Texas will continue at the upcoming “Connect Texas Multifamily” conference. Industry leaders from Ryan Companies, Lument, GSP, Zonda, Daniel Management Group, CSSI, PGIM, Transwestern, Regions Bank, and others will offer insights into current trends, challenges, and growth strategies for the region.
**Event Details:**
– **Connect Texas Multifamily**
– **Date:** Thursday, August 28
– **Venue:** The Joule, Dallas
This story was originally published on Connect CRE.
