News - March 14, 2017

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KDC Kicks Off Second Phase of Park Center with Demolition of Hammond Exchange Building


KDC, one of America’s leading commercial real estate and investment firms, has demolished the Hammond Exchange building to pave the way for construction on the second phase of Park Center.

A portion of the 10-story Hammond Exchange building was occupied by State Farm until the opening of the first office tower at Park Center in October 2016.

“We are excited to be moving forward with the second phase of Park Center and are proud about the positive impact it will have on the Central Perimeter market,” said Alex Chambers, KDC regional vice president.

The second phase of Park Center includes two office towers, totaling 1.2 million square feet. A 22-story tower will be developed first and is slated for completion by the end of 2019, followed by a 19-story tower with expected completion in 2020. State Farm will lease space in both towers in phase two, along with the already leased tower in the first phase, bringing the company’s total leased space to approximately 1.6 million square feet at Park Center.

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