Ten Almaden is a 17-story, Class A, Energy Star awarded
office building, with 309,255 rentable square feet. On-site amenities include a
conference center, tenant lounge, a fitness center and an outdoor terrace
complete with a fire pit and grill. The property also offers tenants a
four-level parking garage, EV car charging stations, dry cleaning services,
freight elevators and loading docks, among other amenities.
The building’s prime location offers tenants unobstructed
panoramic views of downtown San Jose and easy access to public transportation,
such as a train station and the San Jose International Airport. Additionally,
Ten Almaden’s supreme location offers walkable amenities such as more than 100
restaurants, coffee shops and bars, including a Brazilian steak house, an Irish
pub and a sushi bar.
“We are happy to add a new tenant to our impressive roster
in Downtown San Jose,” said Brent Carroll, senior vice president at KBS and
asset manager for the properties. “We believe BPM will be fully-supported for
optimal success in their new location at Ten Almaden.”
Tom Hogan and Nick Lazzarini of Cushman & Wakefield
represented BPM, LLC while Erik Hallgrimson, Todd Beatty and Bob Simpson of
Cushman & Wakefield represented KBS REIT III in the 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 Ten Almaden and of the San Jose 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 Ten Almaden’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.