HOUSTON-Newport Beach, California-based KBS StrategicOpportunity REIT Inc. has purchased 1800 West Loop South, a400,101-square-foot office property in the Galleria area. Thecompany said in a statement that the 21-story office tower was 88%occupied at the time of closing.
Financial details of the deal were not disclosed. The Galleriaarea building was refurbished in 2005. KBS Strategic OpportunityREIT is also planning to improve and modernize the building. Forthe full story, go to Houston Business Journal .
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