KBS Signs Four Suburb Leases

SANDY, UT-KBS Capital Advisors has signed four long-term new and renewal leases totaling more than 78,000 square feet at South Towne Corporate Center here in the Salt Lake City suburb of Sandy, UT. Constituting more than 30% of the 248,352-square-foot building, the leases bring total occupancy of South Towne Corporate Center to more than 93%.  

The class-A two-building office property was acquired in 2007 as part of the KBS REIT I portfolio. The four leases include: Ampian Staffing, a staffing organization headquartered in Salt Lake City, inked a new lease for 3,810 square feet in Building I; SecureAlert, an international provider of electronic monitoring systems, case management and services, finalized an expansion agreement of 3,356 square feet in Building I, bringing its total building presence to 11,462 square feet. The company is headquartered at South Towne Corporate Center; Moreton & Co. of Salt Lake City, signed a lease extension and expansion from 3,356 square feet to 5,658 square feet in Building II; and E*TRADE Financial Corp., a financial services company based in New York City, renewed a lease totaling 65,388 square feet in Building II.