KBS Adds To Houston Holdings With Office Tower Buy

Law360, New York (December 6, 2012, 3:32 PM EST) -- A KBS Cos. real estate investment trust purchased Houston's 400,000-square-foot 1800 West Loop South office building in a push to expand KBS' real estate holdings in the city, the company announced Wednesday.

KBS Strategic Opportunity REIT Inc., a KBS Capital Advisors affiliate, purchased the 21-story office tower for an unspecified amount, marking its sixth investment this year, KBS said. A KBS spokesman declined Wednesday to disclose the identity of the seller.

KBS said it plans to improve and modernize the building, which was constructed in 1982...
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