KBS REIT I Renews 112,000 SF Lease at Silicon Valley Property
Jun 13 2016 | DI Wire
KBS Real Estate Investment Trust, a publicly registered non-traded real estate investment trust, signed a 111,926-square-foot lease at Bridgeway Technology Center, a Class A property in Newark, California. Morpho Detection, LLV, a global security and identity firm, renewed its lease.
Bridgeway Technology Center, which was purchased by the REIT in July 2007 for $49.9 million, consists of two office and research and development buildings that were built in 1996. With concrete tilt-up construction, the buildings’ design accommodates multiple- and single-tenant occupancies, as well as a variety of uses, including office, high-tech manufacturing and assembly, and biotechnology. Bridgeway Technology Center also has a parking garage and loading docks.
The Blue Vault Summit could not have been more perfectly timed. This gathering of the Broker Dealer and Sponsor communities provided insightful and open discussion from several vantage points. These conversations are paramount, especially in a time of significant regulatory change.