A North Dallas office tower complex is the latest local property to get a major makeover.
The renovation of the three-building Preston Commons high-rises on Preston Road is part of owner KBS’ plans to upgrade several of its North Texas properties.
“We have a history of always reinvesting in our properties, said Brett Merz, senior vice president, and KBS’ Dallas market leader. “We are embarking on the renovations to meet the demands of today’s tenants.”
California-based KBS REIT bought the Preston Commons office buildings in 2013, along with the nearby Sterling Plaza tower. The almost 430,000-square-foot office campus is one of the largest in Dallas’ popular Preston Center district, with buildings constructed in 1958 and 1986.
The campus was renovated in 2010 and again when KBS acquired the properties in 2013.
Now KBS is spending more than $10 million to give the property an even bigger redo — inside and out.
“We view it as an iconic project within Preston Center and Dallas,” Merz said. “It’s important to make an investment and modernize it.”
Dallas architect Corgan is overseeing the remodeling.
KBS has already redone the lobby of the oldest building, at 8111 Preston Road, and is moving on to the lobby areas in the two western towers.
“It includes multiple new seating and lounge areas,” Merz said. “We will be creating much more of a hospitable environment.”