KBS REIT III Signs 21,000 Square Feet in Leases at Phoenix Office Complex

April 20, 2016

Apr 19 2016 | by DI Wire

KBS Real Estate Investment Trust III, a publicly registered non-traded REIT, signed three new leases totaling 20,671 square feet at Anchor Centre in Phoenix Arizona’s Camelback Corridor.

Black & Veatch Corporation, a global engineering, consulting, construction and operations company signed a lease for 12,547 square feet, software company Allen Systems Group signed a 4,826-square-foot lease, and LP Insurances Service signed a lease for 3,298 square feet.

“To sign three new tenants is a great accomplishment for this asset,” said Tim Helgeson, senior vice president at KBS. “In redesigning the property, we were dedicated to creating an environment where tenants can get out of the standard four walls of an office to foster team building and engage a workforce for higher productivity.”

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Thomas E. Burns, III
July 29, 2015
February 22, 2016

I subscribe to Blue Vault to keep up with the sponsors and their wholesalers! The analysis keeps me up to date with the various portfolios and the way they are managed, including the differences between them.