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GREENWOOD VILLAGE, CO-KBS has added a “strategically located” office building to its Colorado portfolio for $12.5 million or $151.95 per square foot. KBS REIT II, a public, non-traded real estate investment trust, has purchased the 82,320-square-foot Crescent VIII building in the Denver Technology Center submarket, 15 miles southeast of downtown Denver.

The purchase of Crescent VIII increases KBS-affiliated companies’ real estate holdings in Colorado to 12 properties totaling more than 1.38 million square feet of space. Crescent VIII is more than 97% leased to such tenants as Verizon Wireless, ClearChoice Manangement Services and UGL Equis Corp.

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