GREENWOOD VILLAGE, CO-KBS has added a“strategically located” office building to its Colorado portfoliofor $12.5 million or $151.95 per square foot. KBS REIT II, apublic, non-traded real estate investment trust, has purchased the82,320-square-foot Crescent VIII building in the Denver TechnologyCenter submarket, 15 miles southeast of downtown Denver.

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The purchase of Crescent VIII increases KBS-affiliatedcompanies’ real estate holdings in Colorado to 12 propertiestotaling more than 1.38 million square feet of space. Crescent VIIIis more than 97% leased to such tenants as Verizon Wireless,ClearChoice Manangement Services and UGL Equis Corp.

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Tim Richey and Mike Winn of the Denver office of Cushman &Wakefield Inc. represented the seller in the transaction. KBS REITII was represented by KBS Capital Advisors.

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In addition to Crescent VIII, other Denver-area properties ownedby KBS include 16 Market Square in the LoDo District; Denver’s186,945-square-foot the Point at Inverness; and the Citadel, a130,652-square-foot office tower in Cherry Creek, CO.

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Mark Brecheen, senior vice president of KBS Realty Advisors,tells GlobeSt.com that the seller is Rreef, but he could not speakon its motivations for selling. As for KBS’ interests, he says thecompany is “specifically interested in newer well-located class-Aassets” like Crescent VIII and has had its eye on this market forsome time. “The prime location of the Denver Technology Centermakes it a perfect submarket for KBS.”

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Constructed in 1996, the four-story, class-A building at 8350Crescent Ave. is located near the I-25 and I-225, and withinwalking distance of light rail, hotels, shops and restaurantswithin the Denver Technology Center.

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Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.