KBS Signs 76,000 SF Lease with ATT

SAN JOSE, CA-KBS Real Estate Investment Trust II (KBS REIT II), has executed a renewal of a 76,410-square-foot lease by AT&T at its Corporate Technology Centre, a 610,083-square-foot office complex covering 32 acres in Silicon Valley in North San Jose.

Corporate Technology Centre is a class-A, complex with more than one-half mile of freeway frontage along Highway 237 – the major east/west corridor serving Silicon Valley. Originally constructed in 1999 and 2001, the property consists of seven office buildings and one tier 3 data center. It is currently 100% leased to five tenants, including AT&T, Ericsson, Microchip and Dell. The complex includes nearby amenities such as restaurants, shopping, new housing and easy access to the highway. KBS REIT II acquired the complex earlier in 2013.

“This particular location has changed dramatically over the past two years with the addition of significant retail, lodging and residential,” said Brent Carroll, KBS SVP and asset manager. “We believe Corporate Technology Centre's location provides the types of amenities that most properties in the Valley cannot offer.”

KBS Capital Advisors is an affiliate of KBS Realty Advisors, a private equity real estate company and SEC-registered investment advisor founded in 1992.

Along with the Corporate Technology Centre, KBS REIT II owns the two-story, 142,700 square-foot building located at 350 E. Plumeria Drive in San Jose. KBS affiliated companies, other than KBS REIT II, own San Aleso, a 53,150-square-foot building in Sunnyvale; the Palo Alto Technology Center, a 259,157-square-foot business park in Palo Alto; and the 85,000 square-foot 3200 North First Street building.