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ATLANTA-An investment section of Newport Beach-based KBS Realty Advisors has acquired a distressed office complex in Atlanta for $126.5 million or about $427 per square foot. KBS Strategic Opportunity REIT Inc. has taken ownership of Northridge Center I & II, a two-building complex measuring nearly 189,000 square feet in Atlanta.

In December, KBS bought a first mortgage loan on the building for $7.1 million from Bank of America Corp. The building, constructed in 2008, is 86% leased.For the full story, go to Orange County Business Journal.


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