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Press Releases

KBS REIT III Signs More Than 60,000 Square Feet in Leases at The Towers at Emeryville

  • May 14, 2018
Press Releases

KBS REIT III Signs More Than 60,000 Square Feet in Leases at The Towers at Emeryville

  • May 14, 2018
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.

Located at 1900, 2000 and 2200 Powell Street in Emeryville, the three-building, Class A office park is just 15 minutes away from downtown San Francisco. Situated along the Emeryville shoreline, the 815,018-square-foot property stands on the waterfront across the bay from downtown San Francisco, offering unobstructed views of the San Francisco Bay, the San Francisco skyline and the Golden Gate Bridge. The office park’s central location allows for easy accessibility to Amtrak, AC Transit, Bay Area Rapid Transit and Interstates 80, 580 and 880.

Tower at Emeryville’s onsite amenities include a new tenant lounge and conference center, café and bakery, full-service bank, dry cleaners, car wash and fitness center with bocce ball and basketball courts. Established at one of the most high-profile sites in the Bay Area, the property is also in close proximity to shopping and entertainment attractions including the Powell Street Plaza Shopping Center.

“We look forward to welcoming our new tenants, Mound Cotton Wollan & Greengrass, Arias Sanguinetti Wang & Torrijos and Innovative Interfaces to the property,” said Brent Carroll, senior vice president for KBS and asset manager for the property. “Towers at Emeryville is a beautiful location that our tenants can be proud of.”

John A. Abel of The Axiant Group represented Mound Cotton Wollan & Greengrass, Craig Miller of Stone Miller represented Arias Sanguinetti Wang & Torrijos, Jay Seiden of Cushman and Wakefield represented Innovative Interfaces in the respective transactions.

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 REIT III’s ability to invest in and manage a diverse portfolio, the performance of Towers at Emeryville and the performance of the Emeryville real estate market. These statements are subject to known and unknown risks and other factors which may cause KBS REIT III’s and/or Tower at Emeryville’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.

Media Contact

Ginny Walker

KBS PR Manager
949-417-6535
gwalker@kbs.com

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Industry Trends

Underwriting the Perceived Instability of Short-Term Office Leases

  • February 16, 2021
The threat of shorter office lease terms has been looming over the commercial real estate industry for several years. Companies first braced for the potential impact of new standards from the International Accounting Standards Board (IASB) recognizing all leases on the balance sheet, which took effect in January 2019. Then, the office leasing world was hit with additional challenges from COVID-19 as many companies opted to work from home and re-evaluated the role of their physical office space.
Industry Trends Insights

Envisioning the Future of the Built Environment

  • January 29, 2021
Amidst the ongoing crisis, built environments are at the front lines of change and will play a huge role in creating a more resilient world going forward. Office architects are re-envisioning the future of the workplace—where and how we work. Unfortunately, there is no crystal ball to predict exactly what the new future-oriented office will look like, but what we do know is flexibility and adaptability will be key in resilient design.
Industry Trends

Why Texas is becoming a commercial real estate powerhouse

  • January 21, 2021
It looks like 2021 will be another big year for Texas, a year when a lot of major companies will make the jump and move to the Lone Star state. Just look at these transitions:
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