News RELEASE

Starbucks, SKF Add 17,445 SF at Mt. Diablo Plaza

Walnut Creek, CA -- March 17, 2004: Two leases were signed recently which will add 17,445 sq. ft. of space at Mt. Diablo Plaza in Walnut Creek, CA. The two-building, Class A office property totals 313,422 sq. ft. and is located in the East Bay / Walnut Creek office market. The property is owned by investment advisory firm, KBS Realty Advisors (www.kbsrealty.com).

Erin Engineering and Research, operating as a subsidiary of SKF USA, signed a 10,445 sq. ft. lease on March 15. SKF (www.skf.com) is the leading global supplier of products, customer solutions and services in the rolling bearing, seals business and related businesses. The company's shares are traded on the Stockholm Exchange. In addition to the SKF lease, the marketing branch of Starbuck's Coffee (NASDAQ : SBUX) recently signed a new lease for 7,000 sq. ft. of space for a regional office location.

"We are very pleased with Mt. Diablo's ability to attract a roster of quality office tenants," commented KBS Senior Vice President David Kray. "We look forward to meeting the facilities and space requirements for both of these tenants."

Representing KBS in both transactions were Whiff Collins and Tim Hogan of MCC Realty Group (www.mccrealtygroup.com). SKF USA was represented by Greg Chovanes of BT Commercial (www.btcommercial.com) and Starbucks was represented by Mitch Hertz of Cushman & Wakefield (www.cushwake.com). Mt. Diablo Plaza is managed by CB Richard Ellis.

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 approximately $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.