AUSTIN, TX-The KBS Real Estate Investment Trust III has acquired Las Cimas IV, 138,008-square-foot office structure in the Las Cimas office park in Southwest Austin. The U.S. Securities and Exchange Commission said that the California-based REIT will pay more than $35.9 million for the office building.
The seller of Las Cimas IV was not identified. The property, constructed in 2008, was 94% leased to almost 13 tenants. Holliday, Fenoglio, Fowler represented the seller, while KBS REIT had in-house representation in the deal. For the full story, go to Austin Business Journal .
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