Irvine, CA Irvine,CA

KBS REIT III has sold an 11-property class-Aoffice portfolio for $1.2 billion. As part of the transaction, KBSREIT III repaid outstanding debt secured by the properties andretained a 33% ownership interest in the purchaser.

The 11-property portfolio includes Tower I at Emeryville inEmeryville, California; 222 Main in Salt Lake City, Utah; VillageCenter Station in Greenwood Village, Colorado; Village CenterStation II in Greenwood Village, Colorado; 101 South Hanley in St.Louis, Missouri; Tower on Lake Carolyn in Irving, Texas; PromenadeI & II at Eilan in San Antonio, Texas; CrossPoint at ValleyForge in Wayne, Pennsylvania; One Washingtonian Center inGaithersburg, Maryland; Reston Square in Reston, Virginia; and17117th Street in Atlanta, Georgia.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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