CBRE Marketing PremierLas Colinas Office Building

DALLAS—CBRE has been selected by Hines as marketing advisor for Two MacArthur Ridge, one of the market’s premier office assets. The Class AA office building has 250,869 rentable square feet and a four-level parking garage with an above-market parking ratio of 4.8/1,000.

The six-story building at 909 Hidden Ridge Drive in Irving is currently 99.5% occupied by well-diversified tenants and 83% of the property is leased through August 2019 and beyond. Its nominal near-term rollover averages less than 2% annually through the first four fiscal years and entails no scheduled lease expirations during the first fiscal year. Two MacArthur Ridge also provides compelling opportunities for future income growth with an exceptional location in a rapidly improving Las Colinas submarket, where Class A occupancy is approaching 90% and rents are projected to grow by an average of 7.7% annually over the next five years, according to CBRE Econometric Advisors.