News RELEASE


First Cash takes 18,030 SF at Enterprise Office Center


Arlington, TX -- January 13, 2004
: First Cash Financial Services (FCFS:NASDAQ) a leading supplier of consumer finance products has leased 18,030 sq. ft. of space at Enterprise Office Center in Arlington, TX. The 89,725 sq. ft. property is owned and operated by investment advisory firm, KBS Realty Advisors (www.kbsrealty.com).

First Cash (www.firstcash.com) currently owns and operates over 200 pawnshops and check cashing/short-term loan stores in eleven U.S. states and Mexico. The Company's pawnshops provide consumer loans that are secured by pledged personal property. In addition, previously used consumer products such as jewelry, electronics and power tools acquired through loan forfeitures are retailed in the pawnshops. Through its check cashing/short-term loan stores and selected pawnshops, the Company provides other financial services products, including check cashing services and short-term advances. First Cash was founded in 1988. Its stores are located in Texas, California, District of Columbia, Illinois, Maryland, Missouri, Oklahoma, Oregon, South Carolina, Virginia, Washington and Mexico. The Company's principal executive offices are located Enterprise Office Center in Arlington, TX.

The First Cash lease was for a term of five years and comprised a 14,000 sq. ft. renewal and 4,000 sq. ft. expansion of space. "We are very pleased that First Cash has chosen a KBS property to serve as their headquarter location," commented Walter Foster, 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."

Foster added that KBS was very pleased with the outstanding efforts of Fletcher Cordell of Transwestern Commercial Services (www.transwestern.net) who represented KBS in the transaction. KBS was also pleased to work with the tenant's representative, Jim Eagle of Red Oak Realty.

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.

 



CONTACT:
Phillip Diment
Communications Manager
Tel: 949.417.6532
pdiment@kbsrealty.com