Category: Press Releases

Category: Press Releases

ATLANTA, Georgia (Sept. 28, 2017) – KBS Real Estate Investment Trust III (KBS REIT III), a non-traded real estate investment trust based in Newport Beach, California, announced today that 171 17th Street was awarded the Leadership in Energy and Environment Development (LEED) Platinum certification. This property is 98% leased with well-known tenants such as Wells Fargo, Arnall Golden & Gregory and Georgia Tech Research Company.
NEWPORT BEACH, CA (November 7, 2017)– KBS Real Estate Investment Trust III (“KBS REIT III”), a non-traded real estate investment trust announced today that it has closed on the largest financing facility in KBS’ history. The three-year $1.01- billion financing commitment consists of a $757.5 million term loan that was funded at close and a $252.5 million revolving loan of which $222.5 million remains unfunded.
Eleven-property sale is a portion of KBS Real Estate Investment Trust III, Inc.’s total assets. KBS REIT III continues to hold 20 assets valued at more than $3 billion*.
NEWPORT BEACH, CA, (December 21, 2017) — KBS Real Estate Investment Trust III, a non-traded real estate investment trust recently announced its net asset value (“NAV”) per share of $11.73 as of December 6, 2017, an increase of $1.10 per share from its previous estimated NAV per share of $10.63 as of December 9, 2016.
ARLINGTON, Va. (Jan. 16, 2018) – KBS Real Estate Investment Trust III (“KBS REIT III”), a non-traded real estate investment trust based in Newport Beach, California, announced today the signing of a new 10,235-square-foot lease at 3001 Washington Boulevard by Compass, a real estate technology company that offers an end-to-end platform designed to help real estate agents run and grow their businesses.
ARLINGTON, Va. (Feb. 3, 2017) – KBS Real Estate Investment Trust III (“KBS REIT III”), a non-traded real estate investment trust based in Newport Beach, California, announced today the signing of a new 10,531-square-foot lease at 3001 Washington Boulevard by Stantec Consulting Services Inc., a global professional design firm specializing in architecture, interior design, planning, engineering, environmental sciences, project management and project economics for buildings and infrastructure.
IRVING, Texas (July 17, 2018) – KBS Real Estate Investment Trust III (“KBS REIT III”), a non-traded real estate investment trust based in Newport Beach, California, announced today the signing of 20,748 square feet in leases at 909 Lake Carolyn Parkway in Irving, Texas. Energy Hunter Resources, an oil-focused exploration and production company, renewed and expanded their lease for 4,856 square feet, Lendlease Group, a multi-national construction, property and infrastructure company, renewed their lease for 5,858 square feet and Silver Creek Midstream, a private midstream company, signed a new lease for 10,034 square feet.
ARLINGTON, Va. (June 14, 2018) – KBS Real Estate Investment Trust III (“KBS REIT III”), a non-traded real estate investment trust based in Newport Beach, California, announced today the signing of a new 29,849-square-foot lease at 3001 Washington Boulevard by FP1 Strategies LLC. Founded in 2011 by Terry Nelson, Jon Downs and Danny Diaz, FP1 Strategies is a full-service communications and public affairs firm led by partners who have worked at the highest levels of American politics. Drawing upon decades of political campaign experience, FP1 helps candidates and organizations – from Fortune 500 corporations to trade associations – craft a narrative and build the support to influence policymakers and consumers across the country. FP1 offers services tailored to every campaign’s needs and focuses include integrated campaign management, advertising, coalition building, media relations, crisis communications, and digital engagement.
CHARLOTTE, N.C. (July 25, 2018) – KBS Real Estate Investment Trust III (KBS REIT III), a non-traded real estate investment trust based in Newport Beach, California, announced today that it leased 22,605 square feet to three tenants at the Carillon building in Charlotte, North Carolina. Bullitt Group Limited, an international mobile phone and consumer electronics business, signed a new lease for 7,300 square feet. Fisher Philips LLP, one of the largest U.S. law firms, renewed and expanded its lease for 8,388 square feet, and CLA (CliftonLarsonAllen), a professional services firm, expanded its lease by 6,917 square feet.
EMERYVILLE, Calif. (May 14, 2018) – KBS Real Estate Investment Trust III (“KBS REIT III”), a non-traded real estate investment trust based in Newport Beach, California, announced today the signing of 61,181 square feet in leases to both new and existing tenants at The Towers at Emeryville. Tenants who signed new leases include law firms Mound Cotton Wollan & Greengrass and Arias Sanguinetti Wang & Torrijos, and software company Innovative Interfaces.
SAN JOSE, Calif. (May 11, 2018) – KBS Real Estate Investment Trust III (“KBS REIT III”), a non-traded real estate investment trust based in Newport Beach, California, announced today the signing of a new lease at Ten Almaden in San Jose, California. BPM, LLC, an accounting and consulting firm, signed a new lease for 21,924 square feet.
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.
NEWPORT BEACH, Calif. (May 23, 2019) — KBS, one of the largest owners of commercial real estate, announced today that Cushman & Wakefield renewed its 39,565 square foot lease at Northland Center in Bloomington, Minnesota. To add further appeal to the property, KBS plans to modernize the 40,000sf concourse level adding to the amenities already available to tenants.
BALTIMORE, Md. (March 12, 2019) – KBS, based in Newport Beach, California, announced today that a multinational investment bank and financial services company renewed its 195,783-square-foot lease at Thames Street Wharf in Baltimore, Maryland. The tenant originally chose Baltimore as its main business center outside of New York in 2003 and has been a tenant of Thames Street Wharf since the building was completed in 2010. The group in this location occupies most of the 260,000-square-foot building and consists of a consolidation of several other local offices that support institutional securities processing and other operations.
BELLEVUE, Wash. (July 13, 2018) – KBS Realty Advisors of Newport Beach, California, announced today the renewal of 25,812 square feet in leases at Ridgewood Corporate Square in Bellevue, Washington. Guild Mortgage Company, an independent mortgage lender specializing in residential home loans, and Hormel Food Sales, a nationwide company, both renewed their leases at the property.
KBS created 100,000 square-feet of premium spec space, driving increased leasing activity that resulted in attracting three new global companies to the office campus
NEWPORT BEACH (January 30, 2019) —KBS, one of the largest commercial office owners globally, announced today the net asset value of its portfolio increased 6.15% in 2018. KBS’ real estate portfolio consists of 118 properties located in prime urban markets throughout the United States valued in excess of $11 billion as of December 31, 2018. The assets are held through five public non-traded REITs as well as eight funds managed for two institutional separate account relationships. During 2018 KBS completed the full liquidation of two of its public non-traded REITs.
Demand is increasing for superior office assets in growing suburban markets across the country
Firm trades property after 22 years of stable revenue generation to capitalize on the region’s favorable office market fundamentals

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