KBS Realty Advisors

News RELEASE


KBS Signs Gulf Coast Western to 13,263 sq. ft. at Dallas Office Property

Domestic oil and gas exploration company moves headquarters to Pacific Center I & II

Dallas - June 27, 2011: KBS Realty Advisors of Newport Beach, Calif. has signed a new long-term lease with Gulf Coast Western for 13,263 square feet at its 223,320 square-foot Pacific Center I & II in Dallas. KBS-affiliated companies own 14 other properties in the Dallas-Fort Worth Metroplex totaling approximately 3.6 million square feet.

Dave Besserer of Bradford Companies in Dallas negotiated the lease on behalf of Gulf Coast Western and James Esquivel, Conor McCarthy and Steve Everbach of Jones Lang LaSalle's Dallas office represented KBS.

Gulf Coast Western, a domestic oil and gas exploration company, will move its headquarters from The Towers at Park Central VII in Dallas to the entire fifth floor of Pacific II, bringing occupancy of the two-building complex to 84 percent.

Constructed in 1984 and acquired by KBS in 1998, Pacific Center I & II consists of two nine-story, Class A office buildings situated in the Dallas-Fort Worth Metroplex corridor, offering prime visibility from the northbound and southbound lanes of the Dallas North Tollway. The 5.32-acre complex will undergo extensive redesign and renovation in the lobbies and elevator cabs this year.

"Pacific Center is an exceptional value with an unbeatable Far North Dallas location. Thanks to premium properties like Pacific Center, leasing activity in the Dallas market has continued to improve over the past few months," said Ken Robertson, senior vice president and asset manager at KBS. "We look forward to continuing to attract well established tenants like Gulf Coast Western."

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-affiliated companies have completed transactional activity of approximately $20 billion via 19 separate accounts, six commingled funds and five non-traded REITs.  KBS has offices in Newport Beach, San Francisco, Chicago, Dallas, New York, Washington, D.C., Atlanta, and Los Angeles. For information, visit www.kbsrealty.com
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About Gulf Coast Western
Gulf Coast Western was founded in 1970 for the purpose of exploring, developing and acquiring domestic oil and gas reserves, primarily in the Gulf Coast region of the United States. For more information, please visit www.gulfcoastwestern.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