News RELEASE


Windermere Extends 20,750 SF Lease at Reston Office Park


Reston, VA -- September 15, 2004:
On August 30, 2004, a lease extension amendment on 20,750 square feet of space was signed with Windermere HDS, LLC for an additional seven years at Reston Office Park in Reston, VA. Owned and operated by investment advisory firm, KBS Realty Advisors (www.kbsrealty.com), the property consists of four 20,750 sq. ft. buildings for a total square footage of 83,000 sq. ft. Windermere currently occupies 25% of the Park.

The Windermere Group (www.ispww.com) is an employee-owned small business founded to focus industry resources on important technology issues. Windermere solutions are currently delivered to over 15 Federal agencies and 100+ commercial customers. Windermere is a one-stop provider of practical and responsive technology solutions. The company's products and services satisfy the full spectrum of Information Technology (IT) requirements to include software development, advanced engineering design and an established product line.

"We are very pleased to be able to provide an attractive, high-quality office location for Windermere's operations facility," commented KBS Senior Vice President and Asset Manager, Peter Potrykus. "We were also pleased with the hard work of Tom Cresce of Trammell Crow (www.trammellcrow.com), who brokered this transaction."

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.

 



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