DENVER-KBS Real Estate Investment Trust IIcontinues its recent surge in high-profile acquisition activitywith the $149-million purchase of a signature, 31-story officetower in the CBD here. And according to a prepared statement,the $265 per square foot of the 561,691-square-foot, class-A towerby the Newport Beach, CA-based REIT constitutes one of Colorado’slargest deals of the year according to total cost.
As GlobeSt.com recently posted, Dallas-basedGranite Properties Inc. put the skyscraper, named Granite Towersituated at 1099 19th St. up for sale in October. Denver-based Cushman& Wakefield of Colorado Inc.’s Tim Richey, Mike Winn and ChadFlynn handled the marketing of the property.
KBS Capital Advisors represented KBS REIT II. The LEED-EBGold-certified building becomes the ninth Colorado property ownedby KBS-affiliated companies, for a total of more than 1 millionsquare feet in the state. In all, KBS-affiliated companies haveadded more than 5.5 million square feet of commercial real estatein 2010.
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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.
