The Newport Beach, CA-based seller has held the assets about eight years. The Oklahoma City piece is the 156,106-sf Atrium Towers at 3501-03 NW 63rd St. and 107,946-sf 5100 N. Brookline Ave. In Dallas, KBS is selling the 103,923-sf 14800 Quorum.

"They're small assets. They're well occupied," Jack Crews, managing director for Jones Lang LaSalle in Dallas, tells GlobeSt.com. "We think the timing is right and the market will receive these very well." He and JLL managing directors John Alvarado and Evan Stone began the marketing blitz today.

KBS has been on a buying spree in Texas this year. The "for-sale" items are a routine portfolio churning. "This is the normal course of their business plan with assets from earlier funds," Crews explains.

Atrium's twin six-story towers, built in 1980, sit on the north side of Northwest Expressway, about two miles from 5100 Brookline, developed in 1974 on the south side of the primary artery. KBS has pumped roughly $9 million into upgrades. PM Realty Group of Houston manages the 92%-leased buildings; CB Richard Ellis leases them.

"We've seen in this northwest submarket a drop from the high teens to 9% in occupancy," Crews says. "The Oklahoma City market has proven itself to be very strong on tenant retention and rents. This is the first generation of improved assets and should be the beneficiary of a healthy economy in Oklahoma City and a good office market." This year, rents have trekked up from $14 per sf to $16 per sf for class A suburban space.

The KBS buildings have "good rents in place, below market," Crews adds. To sweeten the deal, there is a 5% to 12% annual roll for several years. Likewise, he says there is just 160,000 sf under construction in the 18-million-sf inventory.

In Dallas, the 87%-occupied Quorum building has 7% of its leases rolling this year and 38% coming due in the next two years--with in-place rents $2.50 per sf below market, according to Crews. He says the submarket's average rate has gone from $14.50 per sf to $16.50 per sf to $18 per sf to $19 per sf. "We believe there is a strong story in the strong tenant base," he says.

Transwestern Dallas leases 14800 Quorum Dr. During its reign, KBS has put an estimated $1 million into upgrades of the 27-year-old building.

The Oklahoma City buildings will come out as one package and Dallas as a stand-alone. "Their sizes will help because of what's going on the market," Crews says.