Articles from KBS

KBS, one of the largest owners and operators of premier commercial real estate buildings in the nation, announces it has sold Union Bank Plaza, a 675,945 square-foot, Class A mixed-use property located in downtown Los Angeles, California. The buyer, Waterbridge Capital, purchased the asset for $104 million. In addition the buyer assumed approximately $6 million in committed capital obligations to existing tenants. Union Bank Plaza was owned by KBS Real Estate Investment Trust II.

KBS, one of the largest owners and operators of premier commercial real estate buildings in the nation, announces it has signed 24,280 square feet in new leases and lease renewals with five national and local tenants at Millrock Park, a four-building, 494,289 square-foot Class A office park in Cottonwood Heights, one of the most desirable submarkets of Salt Lake City, Utah.

JLL and KBS, one of the largest investors in premier commercial real estate in the nation, announce that they have signed a new 15,187 square foot lease with American infrastructure design firm HNTB on the 38th floor at 60 South Sixth, formerly known as RBC Plaza. The trophy office tower, owned by KBS, is located in the core of downtown Minneapolis, Minnesota. KBS Real Estate Investment Trust III owns 60 South Sixth.

Western Specialty Contractors – Chicago Facades Branch and KBS, one of the largest owners and operators of premier commercial real estate buildings in the nation, are completing the restoration of a curtain wall at Accenture Tower, an award-winning, 1.46-million-square-foot, 42-story Class A office and retail property at 500 West Madison Street in Chicago, Illinois.

KBS and Transwestern Real Estate Services (TRS) announced the companies partnered for the seventh consecutive year to support Wreaths Across America, a nonprofit that honors fallen U.S. soldiers by coordinating wreath-laying ceremonies at Arlington National Cemetery and more than 3,400 locations in all 50 states, at sea and abroad.

KBS, one of the largest investors in commercial real estate, announces the disposition of Redwood Plaza I, II & III, a three-building Class A office complex spanning 207,000 square feet in Fairfax, Virginia, a submarket of Washington, D.C. The property, originally acquired by KBS in 2000, was purchased by Network Realty Partners, an Arlington, Virginia-based investor, for $23 million.

Jeffrey L. Heller, Principal & Managing Director of the New Jersey offices of leading global commercial real estate firm Avison Young, and KBS, one of the largest investors in premier commercial real estate in the nation, have announced the completion of a series of renovations at 1000 Continental, an award-winning Class-A office building in King of Prussia, Pennsylvania. The property is part of KBS’ client portfolio.

KBS, one of the largest investors in commercial real estate, has signed three new lease agreements totaling 24,568 square feet with national, regional and local tenants at Preston Commons, a 427,799 square-foot, Class A office park in Dallas, Texas. Preston Commons is owned by KBS Real Estate Investment Trust III.

KBS, one of the largest investors in commercial real estate, announces that the firm has strengthened its focus on environmental, social and governance by establishing a dedicated Green Team and appointing a new ESG manager. Apaulo Malloy will direct KBS’ ESG efforts as a proactive strategy to drive the firm toward a sustainable future.

KBS, one of the largest investors in commercial real estate in the U.S., announces the acquisition of UBS Tower, a 29-story, 605,000 square-foot Class A office building located at 315 Deaderick Street in Nashville, Tennessee, on behalf of a large pension fund.

KBS, one of the largest investors in commercial real estate in the U.S., announces that it has successfully completed the verification of more than 14 million square feet of Class A office space in its real estate portfolios, achieving the UL Verified Healthy Building Mark for Indoor Air.

KBS, one of the largest investors in commercial real estate, has signed a new 42,290 square-foot lease agreement with SPB Hospitality, a national leading operator and franchisor of full-service dining restaurants, at The Offices at Greenhouse, a five-story, 203,284 square-foot office property in the Energy Corridor of West Houston, Texas. The Offices at Greenhouse is owned by KBS Growth & Income Real Estate Investment Trust.

KBS, one of the largest commercial real estate investors in the country, has announced several leadership promotions to usher in the company’s next phase of growth. The firm, founded in 1992 by Chuck Schreiber, Peter Bren, and Don Koll, has appointed a new CEO, CFO, and vice president/asset manager and has established an Executive Committee as it achieves in 2022 a milestone of 30 years in business.

KKR, a leading global investment firm; Kairoi Residential (Kairoi), a national multifamily investment, development, and property management company; KBS, one of the most prominent investors in premier commercial real estate; and Southern Land Company (SLC), a national real estate developer of mixed-use developments and master-planned communities, today announced that KKR and Kairoi have acquired Novē at Knox, from KBS and SLC. Kairoi will operate the hospitality-inspired property. Novē at Knox was developed and operated by SLC in partnership with KBS.

KBS, on behalf of PRIME US REIT, has signed a four-floor lease extension with 72-year-old business law firm Arnall Golden Gregory LLP (AGG) for headquarters space at 171 17th Street, a 510,268 square-foot Class A office building in Atlanta, Georgia. The property, the first LEED Silver Core & Shell-certified building constructed in the world, is part of Singapore-based PRIME US REIT's portfolio. KBS, one of the largest investors in premier commercial real estate, serves as the U.S.-based asset manager for the portfolio.

KBS, one of the largest investors in premier commercial real estate, has sold Granite Tower, a 31-story, 593,527 square-foot LEED Gold–certified Class A office tower in downtown Denver, Colorado. The property, part of KBS REIT II, was purchased via a joint venture by CP Group and Related Fund Management.

KBS, one of the largest investors in commercial real estate in the U.S., announced today that the company has committed to the verification of 16,011,533 square feet of Class A office space in its client portfolio to achieve the UL Verified Healthy Building Mark for Indoor Air.

KBS, one of the largest investors in premier commercial real estate, has sold Peakview Tower, a nine-story, 264,149 square-foot office tower in Greenwood Village, Colorado, within Denver’s Southeast market. The property was purchased by a JV led by Vanderbilt Office Properties for $66 million.

KBS, one of the largest investors in commercial real estate, has brought Crossroads Distribution Center, a 496,723-square-foot institutional-quality business park located in Charlotte, North Carolina, to full occupancy with 100,000+ square feet of new leases with two global tenants. Transactions at the center, which features I-77 frontage consisting of functionally designed warehouse, distribution and office/showroom space to accommodate a variety of tenants and uses, include a long-term, 73,300-square-foot lease with Service Metal, a pipe fitting distributor, and a long-term, 26,933-square-foot lease with Caesarstone US, a quartz countertop manufacturer.

KBS, one of the largest investors in commercial real estate, announced today that the company assisted in the acquisition of Sorrento Towers, a 296,327 square-foot Class A office complex in the heart of Sorrento Mesa, San Diego, California’s life science and technology marketplace. The property was acquired from real estate investment company Shorenstein Properties for $146 million by Prime US REIT (PRIME), which trades on the Singapore Exchange Securities Trading Limits ticker as: OXMU. KBS serves as the U.S.-based asset manager for the portfolio, which included identifying and sourcing this asset on PRIME’s behalf. Sorrento Towers is a Class A property that consists of two seven-story office buildings situated atop a multi-level parking structure.

KBS, one of the largest investors in commercial real estate, announced today that the company assisted in the acquisition of One Town Center, a 191,294 square-foot Class A office building in Boca Raton, Florida. The property was acquired from a joint venture between prominent commercial real estate firm CP Group, formerly Crocker Partners, and Siguler Guff & Co. for $99.5 million by Prime US REIT (PRIME), which trades on the Singapore Exchange Securities Trading Limits ticker as: OXMU. KBS serves as the U.S.-based asset manager for the portfolio, which included identifying and sourcing this asset on PRIME’s behalf. One Town Center is a Class A property consisting of a 10-story office building and an adjacent parking deck. CP Group has been retained as on-site property management.

KBS, one of the largest investors in premier commercial real estate, has signed a new lease agreement with PMG Worldwide, one of the fastest-growing global digital businesses, no. 1 among Ad Age’s Best Places to Work and Adweek’s 2021 Breakthrough media agency of the year, at 515 Congress, a 263,058 square-foot Class A office tower in Austin, Texas. The 14,082 square-foot lease agreement is for the entire 18th floor, building top signage and access to the property’s new deck. 515 Congress is owned by KBS Real Estate Investment Trust III.

KBS, one of the largest investors in premier commercial real estate in the nation, announced today that it has sold SouthPark Commerce Center, a four-building, 100% leased, 372,763-square-foot Class A industrial/flex park in Austin, Texas, to BentallGreenOak on behalf of an institutional investor.

The sixth paragraph of the release dated June 1, 2021 has been updated to read: Steve Hoffeditz, Wes Evans and Ed Clark of Newmark represented KBS in the 33,102 square-foot lease renewal.

KBS, one of the largest investors in commercial real estate, has signed a lease renewal with the anchor tenant at Dulles Station East, a 186,922 square-foot, NAIOP award-winning Class A office building in the metro Washington D.C. suburb of Herndon, Virginia. Newmark, a global commercial real estate services firm, negotiated the lease on behalf of KBS.

KBS, one of the largest investors in commercial real estate, announces that seven new local and national retail tenants are coming to Park Place Village, a 484,002 square-foot office and retail property in Leawood, Kansas. Park Place Village is owned by KBS Real Estate Investment Trust III.

KBS, one of the largest investors in premier commercial real estate in the nation, announced today the sale of Woodbridge Corporate Plaza, a six-building Class A office complex in Iselin, New Jersey. The property was sold to Ramapo, New York based Northeast Capital Group for $88 million. Newmark, a global commercial real estate services firm, directed the sale on behalf of KBS.

Transwestern Real Estate Services (TRS), KBS, one of the largest investors in commercial real estate, and Haynes Mechanical Systems, Inc. announce the successful replacement of cooling systems at Granite Tower, a 31-story, 593,527-square-foot Class A office property at 1099 18th Street in Denver. The project, summarized in this short video, was completed on behalf of KBS and the Block 95 Condominium Association that services a full city block. Granite Tower is owned by KBS Real Estate Investment Trust II.

Southern Land Company (SLC), a national real estate developer of award-winning mixed-use developments and master-planned communities, hosted a grand opening event at its new luxury multifamily high-rise, Novē at Knox, on Wednesday, May 12. The community was developed in partnership with KBS, one of the largest owners of real estate in the U.S.

KBS, one of the largest investors in premier commercial real estate in the nation, announced that four of its Class A office properties in Texas have achieved WiredScore certification.

KBS, one of the largest investors in premier commercial real estate in the nation, announced today that it has sold a two-building, 149,103 square-foot Class A office campus in Weston, Florida. The property, Weston Corporate Center, was sold to an affiliate of Banyan Street Capital for $52.25 million after KBS completed an extensive series of upgrades to both buildings.

KBS, one of the largest investors in commercial real estate, has signed 40,504 square feet in leases with two tenants at The Towers Emeryville, an 593,484 square-foot, Class A office park in Emeryville, California. The Towers Emeryville is owned by KBS Real Estate investment Trust III. The transactions include a new 20,252 square-foot lease with LeapFrog Enterprises, Inc., a global educational entertainment and electronics company, and a 20,252 square-foot lease extension and expansion with Centre for Neuro Skills (CNS), a premier provider of brain injury rehabilitation services with seven locations across California and Texas.

KBS, one of the largest investors in commercial real estate and an SEC-registered investment adviser, has earned two national awards for its outstanding culture and leadership. KBS was named one of 2021’s “Best Places to Work” by GlobeSt.com’s Real Estate Forum, and the company’s CEO and founder Charles J. Schreiber Jr. was honored as one of the “Best Bosses” in the nation.