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Press Releases

KBS Signs Over 11,000-Square-Foot Lease at SouthTech Business Center

  • April 10, 2018
Press Releases

KBS Signs Over 11,000-Square-Foot Lease at SouthTech Business Center

  • April 10, 2018
AUSTIN, Texas (April 10, 2018) – KBS Realty Advisors of Newport Beach, California announced today the renewal of a 11,233-squarefoot lease to the Texas Attorney General’s Office.

SouthTech Business Center is comprised of four Class A light industrial and office/flex buildings. The diverse property offers over 260,000 square feet of rentable space and approximately 20.2 acres with loading docks in the rear.

The property is located in Southeast Austin, which is Austin’s third-largest submarket. SouthTech Business Center provides easy accessibility to transportation networks such as Interstate 35, State Highway 71 and U.S. 290. The property is under eight miles from AustinBergstrom International Airport and near lodging accommodations, including various Marriott hotels.

“We are happy to continue such a long-lasting relationship with an incredible tenant that is an important community fixture,” said Giovanni Cordoves, senior vice president for KBS and asset manager for the property. “Their tenure highlights the value of the accessibility and overall tenant experience that the property provides.”

Ace Schlameus of CBRE represented KBS in the transaction.

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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