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Press Releases

KBS Signs Over 30,000 Square Feet at Anchor Centre in Phoenix

  • September 25, 2018
Press Releases

KBS Signs Over 30,000 Square Feet at Anchor Centre in Phoenix

  • September 25, 2018
PHOENIX (Sept. 25, 2018) – KBS, based in Newport Beach, California, announced today the signing of 31,333 square feet in leases at Anchor Centre in Phoenix, Arizona. New leases were signed by BurnsBarton, First Option Lending and Magnus Title Agency, while World Wide Technology Holding and L. Roy Papp & Associates renewed their leases at the property. Anchor Centre is part of the KBS Real Estate Investment Trust III portfolio.

Situated in Phoenix’s Camelback Corridor, Anchor Centre is a twobuilding office complex offering over 333,000 square feet of rentable space connected by a below-ground parking structure. The complex is equipped with a 5,000-square-foot restaurant and bar, and an outdoor plaza with a central water feature and shaded seating. Onsite amenities at the property include a conference room, game room, fitness center and car wash.

Anchor Centre is centrally located at 2201 and 2231 East Camelback Road, adjacent to the most prominent intersection in Phoenix, 24th Street and Camelback. Tenants at the property are within walking distance of numerous shopping and dining options such as Saks Fifth Avenue, California Pizza Kitchen and The Cheesecake Factory.

“Work-life balance is a priority for many of our tenants at Anchor Centre,” said Tim Helgeson, senior vice president for KBS and asset manager for the property. “We are proud to be able to provide them with a variety of onsite and nearby amenities in a location central to Phoenix.”

Kyle Seeger and Ryan Bartos of JLL represented BurnsBarton, Scott Johnson of MKJ Advisors represented Magnus Title Agency, Corey Hawley of CBRE represented World-Wide Technology Holding, and Chris Walker, Sean Spellman and Mike Beall of Cushman & Wakefield represented KBS in the transactions.

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 REIT III’s ability to invest in and manage a diverse portfolio, and the performance of Anchor Centre and of the Phoenix real estate market. These statements are subject to known and unknown risks, uncertainties and other factors which may cause KBS REIT III’s and/or Anchor Centre’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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  • 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

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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.
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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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