SAN ANTONIO, TX—Non-traded REIT KBS Real Estate Investment Trust III has acquired 100% of the outstanding shares of common stock of the fee owners of two multi-tenant office buildings known as Promenade I & II at Éilan. A company spokeswoman declined to disclose the purchase price.

Located at 17806 & 17802 IH-10 in San Antonio and totaling 200,072 rentable square feet, Promenade I & II at Éilan were built in 2011. The two properties boast a variety of amenities on- and offsite, including easy access to San Antonio’s two largest shopping centers, The Rim and The Shops at La Cantera.

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