News RELEASE

New Year Tech Takes 9,690 SF at Reston Office Campus

Reston, VA -- January 13, 2004:  Inventory and asset management leader, New Year Tech, Inc. (NYT) has recently signed a 9,690 SF new lease at Reston Office Campus in Reston, VA.  Located in the Northern Virginia submarket, the office campus is a four-building property totaling 83,000 sq. ft. and owned and operated by investment advisory firm, KBS Realty Advisors (www.kbsrealty.com).  The NYT lease was signed on December 15, 2003 for about half the space in one of the Campus buildings.

New Year Tech, Inc. (www.nyt1.net) was founded in 1989 to use the technology of automatic identification and the PC to perform inventories and provide services for facility managers, warehouse managers, warehousing inventory technicians, move planners, interior designers, and controllers. NYT has demonstrated nationwide experience in developing standard operating procedures with tracking via automatic identification and control via PC for inventory and property with both government and commercial clients. In 2002, New Year Tech obtained its first Government contract to provide animal care services for the National Institutes of Health. Under this contract NYT provides a variety if life science tasks including: animal care services, medical research, and scientific support.  New Year Tech has shown steady growth since 1989 and has exceeded $5 million in revenues. In 2002, NYT was recognized by Deloitte & Touche as one of Virginia’s Fast 50 Integrated Technology firms.

"We are very pleased that New Year Tech has chosen a KBS property to serve as their headquarter location," commented Peter Potrykus, Senior Vice President of KBS Realty Advisors.  "We look forward to providing them with the facilities services they need as their company continues to grow."  

Potrykus added that KBS was very pleased with the outstanding efforts of Tom Cresce of Trammell Crow (www.trammellcrow.com) who represented KBS in the transaction.  KBS was also pleased to work with the tenant's representative, Gene Martin of The Ezra Company (www.ezracompany.com). 

Headquartered in Newport Beach, CA, KBS Realty Advisors is a premier investment management firm specializing in real estate investments on behalf of select private and public pension fund, endowment and foundation partners. Founded in 1992, KBS has invested in excess of $4.5 billion on behalf of its clients. KBS specializes in purchasing and repositioning under-performing real estate and real-estate related assets in the United States.