Equus Nets $63M In King Of Prussia Office Sale

Law360, New York (February 14, 2014, 7:07 PM EST) -- KBS Realty Advisors has purchased a 205,424-square-foot office building in King of Prussia, Pa., for $63 million from Equus Capital Partners Ltd., the latter company announced Thursday.

The building, a Class A office property known as 1000 Continental, is the only office building in the market that has achieved LEED Silver certification, and it is 99 percent occupied. Major tenants include The Hartford Financial Services Group Inc., Farmers Insurance Group and UNUM.

Equus' development operating arm BPG Development Co. LP developed the building on spec, completing...
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