New Orleans-based KFK Group bought the 33-story Main Street office tower in March.
Built in 1968, the skyscraper is less than 50 percent occupied.
KFK Group is working on a plan to turn the top floors of the tower into a hotel or residential space, downtown property brokers say.
But in the meantime, the investor wants to bring tenants into some of the empty offices spaces in the lower part of the building.
“We are marketing a 105,000 square foot block of like-new space formerly occupied by Bank of America and expect to offer move-in ready ‘tech suites’ this fall,” Matthew Weiser, managing director at Stream Realty, said Tuesday in a statement “Big announcements on other aspects of the redevelopment are on the horizon.”
With more than 1 million square feet of office and retail space, One Main Place sold after the previous owner – a New York partnership – defaulted on $69 million in debt.
New owner KFK Group has been in business since 1996 and has a track record of renovating and repositioning buildings.
“KFK is excited to be part of the Dallas real estate community and especially to be the stewards of the future of One Main Place, one of the most important buildings in downtown Dallas,” Elie Khoury, owner and CEO of KFK Group, said in a statement.
Khoury has made a big commitment to Dallas beyond buying one of the largest downtown buildings. He’s also acquired a personal residential unit in the luxury Museum Tower condo high-rise overlooking Klyde Warren Park
Comments are closed.