Irvine, CA Irvine, CA

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

The 11-property portfolio includes Tower I at Emeryville in Emeryville, California; 222 Main in Salt Lake City, Utah; Village Center Station in Greenwood Village, Colorado; Village Center Station II in Greenwood Village, Colorado; 101 South Hanley in St. Louis, Missouri; Tower on Lake Carolyn in Irving, Texas; Promenade I & II at Eilan in San Antonio, Texas; CrossPoint at Valley Forge in Wayne, Pennsylvania; One Washingtonian Center in Gaithersburg, Maryland; Reston Square in Reston, Virginia; and171 17th Street in Atlanta, Georgia.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

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 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.

More from this author


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.