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Press Releases

KBS Signs Nearly 20,000 Square Feet in Leases at Dulles Station East I

  • February 8, 2018
Press Releases

KBS Signs Nearly 20,000 Square Feet in Leases at Dulles Station East I

  • February 8, 2018
HERNDON, Va., (Feb. 8, 2018) – KBS Realty Advisors of Newport Beach, California announced today the signing of 19,953 square feet in leases at Dulles Station East I in Herndon, Virginia. Liberty IT Solutions, a certified Service-Disabled Veteran-Owned Business specializing in technology solutions for government clients, increased their square footage by 100 percent through a lease renewal and expansion totaling 11,259 square feet. Additionally, Four Inc., another government IT solutions provider, signed a new lease for 8,694 square feet at the property. The property is now 92 percent leased.

Dulles Station East I is a Class-A, six-story office building that is comprised of 186,922 rentable square feet. The property is part of Dulles Station, a larger, mixed-use complex, which includes office space, residential units, two hotels and ancillary retail. The property also includes an eight-story parking deck, a fitness center, loading docks and freight elevators.

Located in the metro Washington, D.C. market, the property provides easy access to the freeway and is under five miles away from Dulles International Airport, and less than an hourlong drive to Downtown D.C.

“A property like Dulles Station East I, with its amenities and proximity to Washington, D.C, is an ideal home for companies within government services,” said Stephen Close, senior vice president for KBS and asset manager for the property. “Adding Four Inc. to our stellar tenant roster and expanding the relationship with Liberty IT Solutions speaks to the quality of the building and its offerings.”

Norman Corkhill of Potomac Real Estate Partners represented Liberty IT Solutions, Wesley Evans of Newmark Knight Frank represented Four, Inc. and Stephen Hoffeditz and Edwin Clark of Newmark Knight Frank represented KBS in the respective deals.

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’s ability to invest in and manage a diverse portfolio, and the performance of Dulles Station East I and of the Herndon real estate market. These statements are subject to known and unknown risks, uncertainties and other factors which may cause KBS’s and/or Dulles Station East I’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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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.
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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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