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KBS Sells 333,014 Square-Foot Class A Office Property in Phoenix, Arizona for $103.5 Million After Completing Extensive Improvement Program


Press release content from Business Wire. The AP news staff was not involved in its creation.
KBS Sells 333,014 Square-Foot Class A Office Property in Phoenix, Arizona for $103.5 Million After Completing Extensive Improvement Program
January 19, 2021 GMT
KBS Sells Anchor Centre in Phoenix (Photo: Business Wire)
PHOENIX (BUSINESS WIRE) Jan 19, 2021
KBS, one of the largest investors in premier commercial real estate in the nation, announced today that it has sold a 333,014 square-foot Class A office property in Phoenix, Arizona. The property, Anchor Centre, was sold to TerraCap for $103.5 million after KBS completed an extensive improvement program on the asset. Anchor Centre was owned by KBS REIT III. ....

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KBS Completes an $11 Million Renovation to an Iconic 31-Story Office Tower in Downtown Denver, Colorado


Press release content from Business Wire. The AP news staff was not involved in its creation.
KBS Completes an $11 Million Renovation to an Iconic 31-Story Office Tower in Downtown Denver, Colorado
January 14, 2021 GMT
KBS Granite Tower (Photo: Business Wire)
DENVER (BUSINESS WIRE) Jan 14, 2021
KBS, one of the largest investors in premier commercial real estate in the nation, announced that it has completed a series of renovations to Granite Tower, a 31-story Class A office building in Downtown Denver, Colorado. Granite Tower is owned by KBS REIT II.
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KBS’ Granite Tower (Photo: Business Wire)
The improvements serve to activate the building’s street-level space to invite interaction with Downtown Denver’s local community, in addition to providing a full slate of new indoor/outdoor amenities to enhance tenant’s experience at the property in preparation for a post-pandemic environment, according to Giovanni (Gio) Cordoves, Wester ....

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