New Tenant at Mandalay Towers in 2023

IRVING, Texas, November 18, 2022 – Cushman & Wakefield announced that the commercial real estate services firm has arranged a 25,767-square-foot lease at Mandalay Tower 2, a Class A office building located in Las Colinas. Kimley Horn, a planning and design consulting firm, will move into the space in May 2023.

Rodney Helm, Zach Bean, and Chris Taylor of Cushman & Wakefield represented the landlord, Parmenter Realty Partners, in the lease negotiations.

Located at 225 E. John Carpenter Freeway, Mandalay Tower 2 includes 16 floors and features a restaurant, conference center, fitness center and sundry shop. The property also features a state-of-the-art fitness center, a six-hole putting green located on the plaza, and an onsite executive conference room with seating for up to 60 attendees. Mandalay Tower 2 has close proximity to the Toyota Music Factory, Water Street, Las Colinas Country Club, Hackberry Creek Country Club, and Cottonwood Valley Golf Course. The property achieved the BOMA 360 designation in 2010.

“We are excited to add a firm of Kimley Horn’s excellent reputation in the commercial real estate industry to our roster of tenants at Mandalay Towers. In choosing the project, Kimley Horn recognized the outstanding on-site amenities offered at Mandalay Towers as well as the walkability provided in the immediate area.” said Michael Holmes, Chief Operating Officer at Parmenter Realty Partners.

“We were pleased with the speed and professionalism from all sides on this transaction. Kimley Horn desired a quick execution and we were to able to reach an agreement on terms and get to an executed lease in under two weeks.” added Nathan Reser, Asset Manager at Parmenter Realty Partners.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

About Parmenter Realty Partners

Parmenter Realty Partners is a fully integrated, institutional real estate investment, management, and development firm.  Established in 1989, Parmenter Realty Partners has acquired and managed more than $2B of assets on behalf of institutions, life companies, sovereigns, global fund sponsors and family offices across 15 major and secondary U.S. markets. As one of the country’s oldest and most respected real estate organizations, Parmenter Realty Partners owns and operates high-quality office properties, and is actively involved in the expansion of its portfolio throughout its targeted markets. To learn more visit www.parmco.com