REIT Pays $86M for Denver Office

WESTMINSTER, CO-KBS Strategic Opportunity REIT, a public non-traded real estate investment trust based in Newport Beach, CA, has purchased the Westmoor Center, a six-building class-A office complex totaling 612,890 square feet in the Denver submarket of Westminster, CO. KBS Strategic Opportunity REIT purchased the asset for $86 million.

The purchase boosts the presence of KBS Strategic Opportunity REIT and its affiliated companies in the Denver area, where it now owns six office properties totaling more than 1.7 million rentable square feet, including the 561,691-square-foot Granite Tower in Denver; the 264,194-square-foot Peakview Tower in Centennial, CO; Denver’s 128,845-square-foot 210 University; the 92,099-square-foot Academy Point Atrium I in Colorado Springs, CO.; and the 82,320-square foot Crescent VIII in Greenwood Village, CO. KBS Strategic Opportunity REIT owns Academy Point Atrium I, but does not own any interest in any of these other additional properties.