The property is located in close proximity to the Raleigh Beltline providing tenants with convenient, easy access to the freeway. Amenities at Midtown Plaza include on-site property management, a cafe on the first floor, convenient parking, and an adjacent outdoor fitness area. The surrounding area also provides a great live, work, play environment with nearby access to lodging at Hyatt House and AC Hotel, restaurants including The Cowfish Sushi Burger Bar and The Capital Grille, as well as Regal Cinemas and an entertainment complex with 14 bowling lanes. The property is centrally located and within a 15-minute drive to Raleigh-Durham International Airport.
“We are pleased to welcome Troutman Sanders to our impressive tenant roster at Midtown Plaza,” said Allen Aldridge, senior vice president and asset manager for the property. “Not only are we confident that our amenity base is attractive to existing and potential tenants, we feel strongly that the surrounding area’s offerings will provide them a positive experience in the fast-growing city of Raleigh.”
Hooker Manning and Alex Mikels of Kane Realty Corporation represented KBS in the deal.
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 Midtown Plaza and of the Raleigh real estate market. These statements are subject to known and unknown risks, uncertainties and other factors which may cause KBS’s and/or Midtown Plaza’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.