KBS Shells Out $270M For 3 Office Buildings From CBRE

Law360, Dallas (June 3, 2013, 7:44 PM EDT) -- A KBS Realty Advisors subsidiary has agreed to buy three recently renovated office properties, two in Dallas and one outside of Washington, D.C., in a $268.8 million deal with a CBRE Global Investors affiliate, according to a filing last week with the U.S. Securities and Exchange Commission.

KBS Real Estate Investment Trust III Inc. will buy the Preston Commons office complex and Sterling Plaza office building in Dallas and One Washingtonian Center in Gaithersburg, Md., it said in a May 28 SEC filing. Sale of each...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.