IRVINE, CA—KBS Growth & Income REIT, a non-traded real estate investment trust based in Newport Beach, has made its first property acquisition: Von Karman Tech Center in Irvine.

Built in 1980 and renovated in 2013-2014, the two-story, multi-tenant office property features 101,161 rentable square feet. It is located in the center of the Irvine Business Complex near the intersection of Von Karman Avenue and Alton in the Irvine airport area. The property benefits from a “live-work-play” location that features a growing collection of retail amenities and residential developments nearby. It is currently 100% leased and its largest tenant is Hosting, a cloud computing and database services company.

“We love everything about this building, and its location is in a strong market that is most attractive to high-tech tenants,” said KBS regional president Rodney Richerson. “The property offers tenants creative workspace options coupled with an extensive list of amenities in the surrounding neighborhood, which is beneficial for tenants and their employees.”
KBS Capital Advisors is KBS Growth & Income REIT's external advisor and is an affiliate of KBS Realty Advisors, a private equity real estate company and registered investment adviser founded by Peter Bren and Charles Schreiber in 1992.