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The office property is a class A, award-winning building that is Wired Certified through WiredScore for meeting the highest standards of technological superiority in connectivity and infrastructure.
Kennedy Wilson's ownership in CB3 is 50%, with an initial equity investment of €68 million or approximately $79 million. Kennedy Wilson will act as the development and asset manager of the property.
Tech companies are constantly competing for talent and working to stay on top of trends, therefore creating a demand for flexible workspace such as Mindspace, which opened its second US location here.
Downtown Bellevue is poised for economic and population growth during the next two decades and this CBD Gateway development site is a critical component to the ongoing success of this market.
Encore Capital Group has leased 100,000 square feet at Ampersand, the new 340,000-square-foot creative office build in the former Union-Tribune building.
The land purchased by Katy Independent School District is located off of Katy Hockley Rd., sharing two borders with Newland Communities' master-planned residential community, and is west of Grand Parkway.
This strong pace of hiring has underpinned tenant demand for quality space, such as M-M Properties' signing of another law firm, Touchstone Bernays, at the Comerica Bank Tower at 1717 Main St.