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| News RELEASE |
1945 Old Gallows Road in Vienna
Attracts Law Firm of Masterman & Graham
Vienna, VA - Febraury 17, 2009: KBS Realty Advisors of Newport Beach, Calif., continues to attract high-profile tenants to its 1945 Old Gallows Road building despite the state of the economy and Washington, D.C.-area commercial office market.
Masterman & Graham, P.C., a full-service law firm specializing in family law, has leased 3,950 square feet of space in the Class-A office building in Vienna, Va., 15 miles west of Washington, D.C. The lease comes two months after Speakeasy, a Best Buy company (NYSE:BBY), signed for close to 10,000 square feet in the seven-story, KBS-owned property.
Built in 1981 and renovated in 1998, 1945 Old Gallows Road offers 163,451 square feet of space in the Tysons Corner submarket, just off the Capital Beltway.
Michael Hammond of Cassidy & Pinkard Colliers represented Masterman & Graham in lease negotiations, while James Hunter, Scott Goldberg and Marty Almquist of Cassidy & Pinkard Colliers represented KBS.
In addition to 1945 Old Gallows Road, KBS-affiliated companies own Tysons Dulles Plaza in McLean and Redwood Plaza in Fairfax, and control 857,696 square feet of commercial office space in the Washington, D.C., market.
About KBS Realty Advisors
Founded by Peter Bren and Chuck Schreiber in 1992 as a private equity real estate company, KBS Realty Advisors is a SEC-registered investment advisor. KBS Realty Advisors and its affiliate, KBS Capital Advisors, invests in, manages and sells high-quality U.S. commercial real estate assets for institutional, corporate and private investors. Since 1992, KBS has completed transactional activity of approximately $16 billion via 19 separate accounts, six commingled funds and two private equity REITs. For more information, visit www.kbsrealty.com.