KBS Realty Advisors

News RELEASE


KBS Signs 20,076-sq.-ft. Lease in John Wayne Airport Submarket in Irvine, Calif.

Glidewell Laboratories expands to Dupont Centre

Irvine, Calif. - Jan. 26, 2012: – KBS Realty Advisors, one of the nation's leading commercial real estate investment advisors, has finalized a new, long-term lease for 20,076 square feet at its 250,867-square-foot Dupont Centre office complex in the John Wayne/Orange County Airport submarket in Irvine, Calif. KBS acquired the Class A complex in 2008.

Glidewell Laboratories maintains other offices in Irvine and will expand its operations to the sixth floor of Dupont Centre Building 2201. The lease will commence in May upon completion of tenant improvements.

Glidewell Laboratories was represented by Allison Schneider from CBRE in Newport Beach, Calif., while Dean Chandler also from CBRE in Newport Beach negotiated on behalf of KBS.

Located less than a mile from John Wayne Airport (SNA), Dupont Centre is a two-building, campus-style property, providing convenient access to the 405, 55 and 73 freeways. The complex was completed in 1986 on 5.89 acres and renovated in 2009. Building 2201 contains 152,666 square feet on eight floors, while the five-story Building 2301 offers 98,201 square feet. An onsite four-level parking structure can accommodate 985 vehicles.

KBS-affiliated companies own a total of six properties in Southern California, including the high-profile Union Bank Plaza in downtown Los Angeles, for a total of more than 1.3 million square feet.

About KBS
KBS Realty Advisors is a private equity real estate company and SEC-registered investment advisor founded in 1992 by Peter Bren and Chuck Schreiber. Since 1992, KBS Realty Advisors and its affiliated companies have completed transactional activity of more than $21 billion via 14 separate accounts, six commingled funds, five sovereign wealth funds and five non-traded REITs.
For information, visit www.kbsrealty.com.

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including discussions regarding KBS Realty Advisors use of proceeds and certain other factors that may affect future earnings or financial results. Such statements involve risks and uncertainties which could cause actual results to vary materially from those expressed in or indicated by the forward-looking statements. Factors that may cause actual results to differ materially include changes in general economic conditions, changes in real estate conditions, construction delays, changes in interest rates, lease-up risks, lack of financing availability and lack of capital proceeds.


Media Contact:
Cindy Tullues or Bob Ochsner
DGWB for KBS Companies
(714) 881-2310
ctullues@dgwb.com
bochsner@dgwb.com