KORE US REIT completes fourth spec-suite development with 50% pre-leased

The Post comprises 15,400 sq ft across six studio suites.

KORE US REIT has completed its fourth full-floor spec-suite development, The Post, in Bellevue, Washington, with half of its six suites leased before completion.

The Post, the second full-floor spec suite at The Plaza Buildings, comprises 15,400 square feet (sq ft) across six studio suites with an amenity hub featuring workspaces, breakout areas, and shared tenant amenities.

The REIT sees early leasing momentum at The Post as a sign of continued demand for high-quality, move-in-ready office space.

"Spec suites like these not only accelerate our leasing and rental revenue, but also reduce our long-term capital expenditure associated with tenant turnover," said David Snyder, CEO of KORE US REIT Management.

Previous spec-suite developments at The Greenhouse at The Plaza Buildings, Ventuno in Houston and Iron Point in Sacramento all achieved full lease-up after delivery.

KORE has more than 35,000 sq ft of spec suites under development across selected assets, including Great Hills Plaza, Westech 360, and further suites at The Plaza Buildings.

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