X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

AURORA, CO-In good news for what has been a struggling submarket, health care provider Kaiser Permanente renewed its 38,106-sf lease at the Waterpark III building along the Southeast corridor. But even more importantly, Kaiser Permanente also expanded into another 35,434 sf into a neighboring building, Waterpark II.

Both the Waterpark II and III buildings are owned and operated by KBS Realty Advisors. Combined, the properties total 210,838sf and are 98% occupied. KBS is headquartered in Newport Beach,CA, and since 1992 has invested more than $5 billion on behalf of clients.

Kevin McKinnon and Jonathan Jones of Transwestern Commercial Services represented KBS and Mike Wafer of Grubb & Ellis represented Kaiser, the nation’s largest nonprofit health plan, serving 8.2 million members. With headquarters in Oakland, the company is made up of Kaiser Foundation Health Plan, Inc., Kaiser Foundation Hospitals and their subsidiaries, The Permanente Medical Groups and affiliations with Group Health Cooperative based in Seattle.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

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

  • Free unlimited access to GlobeSt.com'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 ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.