Press Releases



KBS RENEWS 40,000 SQUARE-FOOT LEASE WITH CUSHMAN & WAKEFIELD AT NORTHLAND CENTER

May 23, 2019

NEWPORT BEACH, Calif. (May 23, 2019) — KBS, one of the largest owners of commercial real estate, announced today that Cushman & Wakefield renewed its 39,565 square foot lease at Northland Center in Bloomington, Minnesota. To add further appeal to the property, KBS plans to modernize the 40,000sf concourse level adding to the amenities already available to tenants. With 492,514sf of rentable space, Northland Center is located in the heart of the Southwest suburban commercial district at the intersection of I-494 and France Avenue with close proximity to the airport and bordering the highly affluent city of Edina, Minnesota. Its location provides an abundance of shopping, dining, hospitality and entertainment options including the Edina Galleria.

KBS ANNOUNCES THE SALE OF EMERALD VIEW AT VISTA CENTER IN WEST PALM BEACH FOR $40 MILLION

May 23, 2019

NEWPORT BEACH, Calif. (May 23, 2019) – KBS, one of the largest owners of commercial real estate, today announced the sale of Emerald View at Vista Center, a two-building Class A office property in West Palm Beach, Florida. Emerald View at Vista Center was purchased for $40 million by a partnership including Vanderbilt Office Properties, a Chicago-based commercial real estate investment firm. Emerald View at Vista Center had been part of the KBS Real Estate Investment Trust II Portfolio.

KBS AND HFF PARTNER TO CLOSE THE SALE OF THE PIERRE LACLEDE CENTER IN CLAYTON, MISSOURI

May 23, 2019

NEWPORT BEACH, Calif. (May 23, 2019) – KBS, one of the largest owners of commercial real estate and Holliday Fenoglio Fowler, L.P. (HFF) announced today the sale of the Pierre Laclede Center, an iconic, two-building, Class A office complex totaling 579,846 square feet in the St. Louis-area city of Clayton, Missouri. HFF marketed the property on behalf of the seller, KBS. The property was purchased by Lingerfelt CommonWealth Partners, a national real estate investment management firm based in Richmond, Virginia. The Pierre Laclede Center was part of the KBS Real Estate Investment Trust II portfolio.

KBS ACQUIRES THE OFFICES AT RIVERPARK FOR $48.1M IN REDMOND, WASHINGTON

May 13, 2019

NEWPORT BEACH, Calif. (May 13,2019) – KBS, one of the largest owners of commercial real estate, announced today the acquisition of the Offices at Riverpark in Redmond, Washington on behalf of a sovereign partner. The Offices at Riverpark is a five-story, Class A office building spanning 106,281 square feet and touting 100 percent occupancy. The property currently leases space to a diverse set of companies in industries such as healthcare, technology, insurance and finance. This acquisition is an example of KBS’ continued commitment to the area in recent years, having added the Westpark Portfolio in 2016.

KBS SIGNS OVER 20,000 SQUARE FEET IN LEASES WITH RSM US, LLP AND MANPOWERGROUP AT ONE WASHINGTONIAN CENTER

May 8, 2019

NEWPORT BEACH, Calif. (May 8, 2019) — KBS, one of the largest owners of commercial real estate, announced today the signing of 21,927 square feet in leases at One Washingtonian Center in Gaithersburg, Maryland. RSM US, LLP a leading provider of audit, tax and consulting services focused on the middle market and ManpowerGroup a leader in innovative workforce solutions both signed new leases. The property is part of KBS Real Estate Investment Trust III, a non-traded real estate investment trust.

KBS SIGNS 17,383 SQUARE FEET IN NEW LEASES AT 213 WEST INSTITUTE PLACE IN CHICAGO

April 11, 2019

CHICAGO (April. 11, 2019) – KBS, based in Newport Beach, California, announced today the signing of 17,383 square feet in new leases at 213 West Institute Place. Meredith Corporation, a leading media and marketing services company, Tiesta Tea Company, a loose-leaf tea producer, M1 Financial, a financial services firm and Studio Brunstrum, an interior design firm, all signed new leases at the property. The property is owned by KBS Growth & Income REIT.

KBS Signs Full Building Lease with Indeed, Inc. at Domain Gateway in Austin

April 5, 2019

AUSTIN, Texas (April. 5, 2019) – KBS, based in Newport Beach, California, announced today the signing of a long-term lease with Indeed, Inc. at Domain Gateway, one of KBS’ premier properties in Austin, Texas. Indeed, Inc. will occupy 100 percent of the building upon the lease expiration of the building’s current occupant, allowing Domain Gateway to maintain consistent full occupancy. The property is owned by KBS Real Estate Investment Trust III.

KBS Signs New 76,000-Square-Foot Lease with CDK Global at District 237

April 4, 2019

SAN JOSE, Calif. (April. 4, 2019) — KBS, based in Newport Beach, California, announced today the signing of a new lease for 76,410 square feet at District 237 in San Jose, California. CDK Global, a leading provider of IT and marketing solutions for automotive retailers, signed the new lease at 250 Holger Way. The properties are owned by KBS Real Estate Investment Trust II.

KBS signs 31,489-Square-Foot Lease Expansion at CAPTRUST Tower

April 1, 2019

RALEIGH, N.C. (April. 1, 2019) — KBS, based in Newport Beach, California, announced today the signing of a 31,489-square-foot lease expansion along with a thirteen-year lease extension at CAPTRUST Tower in Raleigh. The CapFinancial Group, a financial planning firm that has been an initial anchor tenant since the building was constructed, now leases a total of 105,399 square feet at the property.

KBS Signs Over 36,000 Square Feet in Leases at Legacy Town Center in Texas

March 27, 2019

PLANO, Texas (Mar. 27, 2019) – KBS, based in Newport Beach, California, announced today the signing of 36,419 square feet in leasing at Legacy Town Center in Plano. GoransonBain Ausley, a 20-year-old law firm specializing in family and divorce law, has finalized a long-term renewal and is relocating within Legacy Town Center to a 9,286-square-foot suite. Additionally, Toyota Motor Credit Corporation, a provider of finance and insurance products to authorized Toyota and Lexus dealers, expanded its lease by 27,133 square feet, and now holds a total of 54,266 square feet at Legacy Town Center III. The property is owned by KBS Real Estate Investment Trust III.