Keppel Pacific Oak US REIT Management Pte. Ltd., as Manager of Keppel Pacific Oak US REIT (KORE), announced that a wholly-owned subsidiary of KORE has entered into an agreement with KBS SOR 125 John Carpenter, LLC to acquire One Twenty Five, an office complex in Irving, Dallas, for $101.5 million. The strategic acquisition of One Twenty Five extends KORE's presence to a total of eight key growth markets. The office complex, comprising two class A buildings ­ 125 East John Carpenter and 5100 North O'Connor ­ is strategically located in the first choice submarket of Las Colinas, a key economic hub of North Central Texas with one of the highest concentrations of corporate headquarters in the US. Las Colinas has been experiencing strong leasing demand supported by limited supply of quality office spaces, as well as strong employment growth and population expansion. Las Colinas is also home to mixed-use developments, Gables Water Street and the Toyota Music Factory, and new multifamily housing projects, which have created a desirable urban live-work-play community in this attractive suburban submarket, and continues to attract a young, well-educated and affluent population.