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KBS is launching a spec suite program at Union Bank Plaza. Last week, the office owner announced plans to reposition the 700,000-square-foot office tower to the tune of $20 million. The spec suite offering—part of the repositioning project—will provide move-in ready spaces for tenants, and in some ways is an iteration of co-working spaces, which offer the same move-in ready environment.

“KBS is an institutional firm with an owner-operator mentality. We understand what today’s tenants are seeking, and we consistently identify innovative ways to deliver best-in-market offerings to our current and future tenants,” Tim Helgeson, SVP and asset manager and KBS, tells GlobeSt.com. “Our new spec suite program is an example of this innovative thinking. While many office owners have begun to bring available space to clean, white-box status, we are taking that a step further by building out spec spaces that truly demonstrate the flow, function, and aesthetic that is available within the property.”

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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