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| 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.