News RELEASE

Barrios Takes 16,000 SF at Armand Plaza

Clear Lake, TX -- January 17, 2005: On November 29, 2005, aerospace engineering firm, Barrios Technology, signed a 16,000 sq. ft. new lease at Armand Plaza in Clear Lake, Texas. The 64,000 sq. ft. Office/R&D property is owned and operated by investment advisory firm, KBS Realty Advisors (www.kbsrealty.com); the property is now 86% leased.

Barrios Technology (www.barrios.com) is a woman-owned, ISO 9001:2000 certified technology company with expertise in aerospace engineering, space operations, information technology, and training solutions. The company provides services to NASA, Department of Defense agencies, and the aerospace industry.

Barrios was founded with 15 employees in 1980 to provide engineering services to the NASA Space Shuttle Program. Since that time, Barrios has expanded its business base, keeping a primary focus on the U.S. Space Program, civil and military. Today Barrios is one of the largest women-owned businesses in Houston.

"Barrios Technology is an exceptional company with a very positive reputation in the space community. We are honored to be able to provide them with quality office space to meet their growth needs," commented KBS Senior Vice President, Mark Brecheen. We were also pleased with the efforts of Mike Adams and Doug Little of PM Realty Group (www.pmrealtygroup.com), who brokered the transaction for KBS. We also appreciated the opportunity to work with Derrell Curry of Studley (www.studley.com), who represented the tenant in this transaction.

Headquartered in Newport Beach, CA, KBS Realty Advisors is a premier investment management firm specializing in domestic real estate investments on behalf of select private and public pension fund, endowment and foundation partners. Founded in 1992, KBS has invested nearly $5 billion on behalf of its clients.