Skip to content
Learn How KBS is Creating Safe Work Environments
kbs logo
  • Investors
    • KBS Capital Markets Group
  • Properties
  • News & Insights
  • About Us
  • Contact

    Our Offices

    Corporate Headquarters

    800 Newport Center Drive, Suite 700
    Newport Beach, CA 92660

    (949) 417-6500

    info@kbs.com

    Washington DC Office

    3003 Washington Boulevard, Suite 950
    Arlington, VA 22201

    (202) 822-1230

    Facebook-f Twitter Linkedin-in Instagram
    Corporate Headquarters
    800 Newport Center Dr., Suite 700 Newport Beach, CA 92660
    info@kbs.com
    (949) 417-6500
    New York Office
    590 Madison Avenue, 26th Floor New York, NY 10022
    (212) 644-6662
    Washington, DC Office
    3003 Washington Boulevard, Suite 950, Arlington, VA 22201
    (202) 822-1230
    Contact Us
    KBS is an SEC-registered full-service investment adviser adept in various property and product types.
Learn How KBS is Creating Safe Work Environments
kbs logo
ArtboardCreated with Sketch.
Press Releases

KBS Signs Over 16,800 Square Feet in Leases at Midtown Plaza

  • July 31, 2017
Press Releases

KBS Signs Over 16,800 Square Feet in Leases at Midtown Plaza

  • July 31, 2017
RALEIGH, N.C. (July 31, 2017) – KBS Realty Advisors of Newport Beach, California announced today the signing of a 16,867-square-foot lease with Troutman Sanders, LLP, an international law firm at Midtown Plaza in Raleigh, North Carolina. Midtown Plaza, a 12-story office tower with 329,214 square feet of rentable space, was completed in March of this year and is approximately 94 percent leased.

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.

Media Contact

Ginny Walker

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

More Articles

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:
See All
Our Company
  • Investors
  • Properties
  • News & Insights
  • About KBS
Resources
  • Premier Office Magazine
Get in Touch
Facebook-f Twitter Linkedin-in Instagram
  • Careers

© 2023 KBS

  • Terms & Conditions
  • Privacy Policy
  • Home
Investors
  • KBS Capital Markets Group
  • Properties
  • News & Insights
  • About Us
Contact Us
  • Corporate Headquarters
  • New York Office
  • Washington, DC Office