"We knew it was an asset that was very attractive to tenants,"KBS senior vice president Shannon Hill, tells GlobeSt.com, notingthat the firm owned the 92% leased, three-story class A officeproperty for several years in the 1990s as part of a KBS commingledreal estate fund. The property was sold in 2000 to KennedyAssociates Real Estate Counsel LP, of Seattle, which sold thebuilding back to KBS.

The property, which sits on almost 37 acres near the junction ofRoute 2 and Route 495 in Boxborough, is part of the two buildingTech Center at Boxborough. Among its amenities are a 125-seatcafeteria and on-site fitness facilities.

The acquisition was the second Massachusetts buy for KBS in thepast two weeks. Earlier this month, a real estate investment trustaffiliated with the firm paid $28.8 million to Cabot & Forbesof New England Inc. and Commonfund Realty Inc. to take ownership of825 University Ave., a 166,574-sf, fully leased class A office andR&D building in Norwood.