GREENWOOD VILLAGE, Colo. (April 6, 2017) – KBS Real Estate Investment Trust III (“KBS REIT III”), a non-traded real estate investment trust based in Newport Beach, California, and Shea Properties announced the formation of a joint venture partnership for the development of Village Center Station II. Village Center Station II is being developed for Charter Communications, the second largest cable provider in the U.S. Construction of Village Center Station II, which includes over 330,000 square feet of office space commenced in December of 2016 and is 40 percent complete. Village Center Station II will be the final phase of Village Center Station in Greenwood Village, Colorado.