January 3, 2019 Comments Off on KBS Acquires Balance of Denver Asset, Completes 94K SF of Leases at Sister Building Views: 690 Colorado, National News, Southwest

KBS Acquires Balance of Denver Asset, Completes 94K SF of Leases at Sister Building

Newport Beach, CA-based KBS completed the acquisition of Village Center Station II in Greenwood Village, CO. KBS previously owned 75% of Village Center Station II and purchased the remaining 25% from Shea Properties. Additionally, Charter Communications signed a direct lease for 94,300 square feet at Village Center Station I and leases 100% of VCS II. The properties are owned by KBS Real Estate Investment Trust III.

Village Center Station I is a nine-story, 234,915-square-foot property, and Village Center Station II is a 12-story 325,576-square-foot property. The assets are located within the Denver Tech Center, near Denver’s most active light rail station, Arapahoe at Village Center Station, and have easy access to US I-25.

Cushman & Wakefield’s Bill Lucas and Spencer Ward represented the tenant, while Cushman & Wakefield’s Todd Wheeler and Dan Beer represented KBS REIT III in the leasing transaction.

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