# KORE US Reit completes spec suite development at Washington office complex

- **Source:** EdgeProp Singapore
- **Published:** 2026-10-13T11:52:10.000Z
- **Author:** Atiqah Mokhtar
- **Original:** https://www.edgeprop.sg/property-news/kore-us-reit-completes-spec-suite-development-washington-office-complex
- **Topics:** Commercial & Industrial, Government & Policy, Investment & Capital Markets

## Featured rationale

The pre-completion leasing signals demand from small and mid-sized occupiers for move-in-ready offices, potentially supporting occupancy and rental performance across KORE’s additional 35,000 sq ft pipeline.

## AI summary

KORE US Reit completed the 15,400 sq ft, six-suite Post development at Washington’s Plaza Buildings, with 50% leased before completion.

## Original article

KORE US Reit (KORE) has completed a speculative suite (spec suite) development at The Plaza Buildings, an office complex in Washington, US.

It is the Reit's fourth full-floor spec suite development and its second at The Plaza Buildings, KORE said in an Oct 13 release. The Singapore-listed Reit (formerly Keppel Pacific Oak US Reit) is managed by KORE US Reit Management, which is jointly owned by Keppel and KORE Pacific Advisors.

Under KORE's spec suite strategy, asset enhancement initiatives are carried out at vacant offices under its portfolio, turning them into move-in-ready spaces designed to attract tenants and lower long-term capital expenditure associated with tenant turnover.

The latest spec suite development at The Plaza Buildings comprises an entire floor that is now dubbed The Post. Spanning 15,400 sq ft, it features six studio suites designed for small and mid-sized occupiers, alongside an amenity hub with collaborative workspaces, breakout areas, and other shared facilities.

According to KORE, half of The Post’s six suites were leased prior to the development’s completion, with “strong leasing interest” for the remaining units.

“We are encouraged by the pace of leasing and rental performance achieved to date, as we continue to deliver workplace solutions that align with occupier demand,” added David Snyder, CEO of the manager.

KORE's previous full-floor spec suite developments include The Greenhouse at The Plaza Buildings and Ventuno at 1800 West Loop South, an office tower in Houston. The Reit also undertook the repositioning of 1150 Iron Point, an office building in Sacramento, California, following the vacancy of a long-term tenant.

All three developments became fully leased following delivery, the manager said.

The Reit currently has over 35,000 sq ft of additional spec suites under development. This includes more projects at The Plaza Buildings, as well as ongoing developments at Great Hills Plaza and Westech 360, both located in Northwest Austin, Texas.

## Chinese translation

> Translation model: grok_cli

### KORE美国房地产投资信托完成华盛顿办公综合体投机性套房开发

该开发项目占据整层楼面，包含六套套房，在竣工前已出租50%。

KORE美国房地产投资信托（KORE）已完成位于美国华盛顿办公综合体The Plaza Buildings的投机性套房（spec suite）开发。

KORE在10月13日的新闻稿中表示，这是该房地产投资信托的第四个整层投机性套房开发项目，也是其在The Plaza Buildings的第二个此类项目。这家新加坡上市的房地产投资信托（前称Keppel Pacific Oak US Reit）由KORE US Reit Management管理，后者由Keppel与KORE Pacific Advisors共同持有。

根据KORE的投机性套房策略，其投资组合内的空置办公室会推行资产提升计划，被改造为可即刻入驻的空间，旨在吸引租户，并降低与租户更替相关的长期资本支出。

The Plaza Buildings最新的投机性套房开发项目占据整层，现被命名为The Post。该层面积达15,400平方英尺，设有六套专为中小型用户设计的工作室套房，并设有一处配套枢纽，内含协作工作空间、休憩交流区及其他共享设施。

据KORE称，The Post的六套套房中有一半在该开发项目竣工前已出租，其余单位则获得“强劲的租赁兴趣”。

“在我们持续提供契合用户需求的办公解决方案之际，迄今取得的租赁速度和租金表现令我们感到鼓舞。”管理人首席执行官David Snyder补充道。

KORE此前的整层投机性套房开发项目包括The Plaza Buildings的The Greenhouse，以及位于休斯顿办公塔楼1800 West Loop South的Ventuno。一名长期租户腾空后，该房地产投资信托亦对位于加利福尼亚州萨克拉门托的办公楼1150 Iron Point进行了重新定位。

管理人表示，这三个开发项目在交付后均已全部出租。

该房地产投资信托目前还有超过35,000平方英尺的额外投机性套房正在开发。其中包括The Plaza Buildings的更多项目，以及Great Hills Plaza和Westech 360正在进行的开发项目，这两处均位于得克萨斯州奥斯汀西北部。