KBS Realty Advisors has purchased a 13-story, 351,872-square-foot class A office building in Dallas from Fortis.

The purchase price was not disclosed.

The property, International Plaza Tower III, is located at 14241 Dallas Parkway.

The property was 72 percent occupied at the time of purchase. Major tenants include IMAC, Duke Realty, Wells Fargo Foothill, KBA Group and Arthur J. Gallagher & Co.

International Plaza Tower III is part of the three-building, 1.1-million-square-foot International Plaza office development, located along the Dallas North Tollway, north of Spring Valley Road, in Dallas’ Galleria area.

Completed in 2002, International Plaza Tower III has 27,000-square-foot floor plates, an on-site café, fitness center, conference center and 24/7 security. The property shares a parking garage with International Plaza Tower II. The garage is not part of the KBS acquisition.

With the acquisition of International Plaza Tower III, the KBS Realty Advisors portfolio in the Dallas/Fort Worth area now totals 2.5 million square feet and the portfolio of KBS REIT, an affiliated company, totals 439,078 square feet.


What’s your opinion? Leave your comments below or send a
letter to the editor.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription