Andrew Kupiec
Three months after it first announced it was forming a flexible space subsidiary called Hana, CBRE has struck a deal with its first landlord. The first Hana unit will be at PwC Tower at Park District in Dallas, Texas. It is a new development by MetLife Investment Management and Trammell Crow Co. The unit, called Hana PwC Tower at Park District, is expected to open in mid-2019.
PwC Tower at Park District is more than 500,000 square feet of office space and amenities. Part of a two-tower mixed-use development, Park District has more than 900,000 square feet of office space, restaurants and luxury residences. Park District is close to the heart of Downtown Dallas, the Arts District, Uptown and Klyde Warren Park.
The project is indicative of future announcements for Hana, Andrew Kupiec, CEO of Hana, tells GlobeSt.com. In general, he says, “We are looking for tremendous Class A office space in larger buildings that offer great amenities.” Kupiec adds that Hana identified a lot of demand for its offerings in the Dallas market and that there will be announcements in other markets as well.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
