HOUSTON-Newport Beach, California-based KBS Strategic Opportunity REIT Inc. has purchased 1800 West Loop South, a 400,101-square-foot office property in the Galleria area. The company said in a statement that the 21-story office tower was 88% occupied at the time of closing.
Financial details of the deal were not disclosed. The Galleria area building was refurbished in 2005. KBS Strategic Opportunity REIT is also planning to improve and modernize the building. For the full story, go to Houston Business Journal .
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