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Press Releases

KBS Signs Over 20,000-Square-Foot Lease at Weston Corporate Center

  • February 21, 2018
Press Releases

KBS Signs Over 20,000-Square-Foot Lease at Weston Corporate Center

  • February 21, 2018
WESTON, Fla. (Feb. 21, 2018) – KBS Realty Advisors of Newport Beach, California announced today the signing of a new lease at the Weston Corporate Center I & II in Weston, Florida. The Ultimate Software Group, Inc. a leading provider of cloud-based human capital management solutions, signed a new lease for 20,749 square feet.

Weston Corporate Center I & II is comprised of two, Class A buildings totaling 149,103 square feet. The office park has hurricane impact windows and individually controlled HVAC systems for each suite for 24/7 use. The property also offers an above-market parking ratio of 4.7 spaces per 1,000 square feet.

Situated on the edge of a lake with waterfront views, the Weston Corporate Center I & II are conveniently located off the Royal Palm exit on I-75. The area around the property offers tenants access to restaurants, retail shops and hotels, such as the Marriott, within walking distance.

“Weston Corporate Center is one of the top suburban office properties in Broward County,” said Allen Aldridge, senior vice president for KBS and asset manager for the property. “The property’s accessibility to amenities in the area makes for a pleasant tenant experience, attracting great companies. We are excited to welcome The Ultimate Software Group, Inc. to the office campus.”

Andy Ackerman of ComReal Fort Lauderdale represented KBS in the deal.

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.
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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