WESTMINSTER, CO-KBS Strategic Opportunity REIT,a public non-traded real estate investment trust based in NewportBeach, CA, has purchased the Westmoor Center, a six-buildingclass-A office complex totaling 612,890 square feet in the Denversubmarket of Westminster, CO. KBS Strategic Opportunity REITpurchased the asset for $86 million.
The purchase boosts the presence of KBS Strategic OpportunityREIT and its affiliated companies in the Denver area, where it nowowns six office properties totaling more than 1.7 million rentablesquare feet, including the 561,691-square-foot Granite Tower inDenver; the 264,194-square-foot Peakview Tower in Centennial, CO;Denver's 128,845-square-foot 210 University; the 92,099-square-footAcademy Point Atrium I in Colorado Springs, CO.; and the82,320-square foot Crescent VIII in Greenwood Village, CO. KBSStrategic Opportunity REIT owns Academy Point Atrium I, but doesnot own any interest in any of these other additionalproperties.
Constructed in 1998-99, Westmoor Center is located halfwaybetween Denver and Boulder, Colo. It was 81% occupied at the timeof purchase by such tenants as Ball Corp.,Lender Processing Services andDatalogix. An onsite dining and recreation centercomplements nearby walking and biking trails and the Heritage GolfCourse at Westmoor, according to a prepared statement. The sixbuildings that encompass Westmoor Center are part of the larger,10-building Ten West at Westmoor Business Park.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
