KBS Taps Transwestern to Manage 778,472 SF Portfolio

REDMOND, WA— KBS Capital Advisors , the exclusive advisor for KBS’ publicly registered, non-traded REITs, has retained Transwestern to provide management services for the 778,472-square-foot Westpark Portfolio in Redmond. Transwestern senior vice president Mark Jackson , head of management services in the Seattle and Puget Sound region , will lead the management team.

Seattle Skyline

The 21-building Westpark Portfolio is comprised of three business parks located adjacent to the Redmond Central Business District:

• Westpark Business Park consists of 14 office and flex buildings totaling 580,104 square feet.
• Redmond Center Court is a two-building industrial park totaling 77,492 square feet.
• Pacific Business and Technology Center encompasses five office and flex buildings totaling 120,876 square feet.

“We are honored that KBS has entrusted Transwestern to manage this significant acquisition,” said Jackson. “And we sincerely appreciate the opportunity to expand our relationship with KBS both locally and nationally. Combined with The Central Building in Seattle’s Central Business District, this assignment brings Transwestern to nearly 2 million square feet of property management assignments with KBS in the Puget Sound region.” Remond is located 16 miles from downtown Seattle. KBS Capital Advisors was formed in 2006 as the exclusive advisor for KBS’ publicly registered, non-traded REITs, which are designed to give individual investors the ability to invest in a similar type of real estate as KBS pension fund and institutional partners. Transwestern is a privately held real estate firm of collaborative entrepreneurs specializing in agency leasing, management, tenant advisory, capital markets, research and sustainability services.