SAN FRANCISCO-KBS Real Estate Investment Trust III, has purchased 201 Spear Street, a waterfront class-A office tower in San Francisco's South Financial District.
The trust, based in Newport Beach, CA, will be pay $121 million plus closing cost.
“San Francisco's South Financial District is considered one of the nation's top-performing office markets, and KBS REIT III is pleased to have a presence here,” said KBS SVP and asset manager Brent Carroll. “201 Spear Street is near much of what Downtown San Francisco has to offer, making it a great addition to this REIT's nationwide portfolio.”
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
