KBS Acquires Remaining 25 Percent of Village Center Station II and Signs over 94,000 Square Feet in Leasing at Village Center Station I

Village Center Station I & II are two, Class A office
developments, united by Village Center Station Plaza, a communal outdoor area
for tenants at VCS I & II. VCS I is a nine-story, 234,915-square-foot
property and VCS II a 12-story 325,576-square-foot property. The Village Center
Station Complex is equipped with three restaurants, a coffee shop, bar, yoga
studio, conference center, fitness center and includes a 786-space parking
structure. Tenants also enjoy access to on-site massage therapy, fitness
classes and locker rooms with showers.

The properties are ideally located within the largest office
market of Metro Denver, the Denver Tech Center. Tenants are just steps away
from Denver’s most active light rail station, Arapahoe at Village Center
Station, and have easy accessibility to US I-25. Within walking distance from
the properties, there are a variety of shopping options such as Arapahoe
Shopping Center, which comprises local boutiques and day spas as well as
entertainment options such as the Museum of Outdoor Arts and Fiddlers Green
Amphitheater.

“The Village Center Station Complex is a dynamic location
that allows tenants to benefit from a unique live-work-play atmosphere,” said
Clint Copulos, senior vice president for KBS and asset manager for the
property. “We are happy that Charter Communications has signed at both
properties and we look forward to fostering a relationship with them.”

Bill Lucas and Spencer Ward with Cushman & Wakefield
represented Charter Communications and Todd Wheeler and Dan Beer of Cushman
& Wakefield represented KBS REIT III in the leasing transaction.

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended including statements relating to KBS REIT III’s ability to invest in and manage a diverse portfolio, and the performance of Village Center Station I&II and of the Greenwood Village real estate market. These statements are subject to known and unknown risks, uncertainties and other factors which may cause KBS REIT III’s and/or Village Center Station I&II’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.