The two six-story office towers are nearly identical in size and total 210,838 sf overall. KBS has owned the two office towers since 1999, and the average occupancy for the two buildings is currently 94%. The state's deal runs for seven years, starting July 1. The Wells Fargo five-year lease kicks in Oct. 1.
Kevin McKinnon and Jonathan Jones of Transwestern Commercial Services were the brokers representing KBS. Bernie Martin with Corporate Planners and Coordinators represented the state and Jamie Gard with the Frederick Ross Co. represented Wells Fargo.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
