Situated in the heart of downtown Portland on 421 SW 6th
Avenue, this 14-story, Class A office tower is comprised of 224,122 square feet
of rentable space. The building has been recognized as one of Portland’s first
midcentury design towers. After its creative repositioning in 2008, it is now
considered a higher-purpose building, with onsite amenities that include a
rooftop deck, tenant lounge, conference room, fitness center and locker rooms.
Additionally, the office tower is easily accessible to mass transit and the
Portland International Airport.
“The Commonwealth building offers tenants an exceptional
community experience,” said Clint Copulos, KBS senior vice president and asset
manager for the property. “We are excited to welcome Otoharmonics Corporation -
www.otoharmonics.com - as a tenant and know that they will have a favorable
experience and will be fully-supported at our property.”
Commonwealth also holds the distinction of being one of the
initial properties included in KBS’s first online direct-investment fund
available on KBSDirect.com. The Fund (KBS Growth & Income REIT), allows
accredited investors to invest directly in high-quality, well-located
properties like Commonwealth without paying up-front fees or commissions.
Michael Baker, Presodent/CEO represented Otoharmonics
Corporation.
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 KBS Growth & Income REIT’s ability to invest in and manage a diverse portfolio, the performance of Commonwealth Building and the performance of Portland’s real estate market. These statements are subject to known and unknown risks, uncertainties and other factors which may cause KBS Growth & Income REIT’s and Commonwealth Building’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.