News RELEASE


10,247 Square Foot Lease Signed at KBS-owned Gateway Tower in Dallas, TX


Dallas, TX, July 7, 2003:
A 10,247 square foot lease with health services company, Humana Health Plan of Texas, was signed on June 30, at Gateway Tower, a 15-story office tower in Dallas, TX. The 266,412 sq. ft. property is owned by KBS Realty Advisors on behalf of Koll Bren Fund V. The property recently underwent a $5 million renovation which included the new state-of-the-art Gateway Fitness Center, Gateway Cafe and a new Fountain Courtyard.

KBS Realty Advisors was represented by Walter Foster, Senior Vice President of KBS Realty, along with, Fletcher Cordell of Transwestern Commercial Services. Humana Health was represented by Mark Vickery of The Pinnacle Group.

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