News RELEASE


Goodrich Corp. Signs New 131,252 SF Lease at 5 Omni Way in Chelmsford, MA


Chlemsford, MA, October 1, 2003
: In one of the largest deals year-to-date in the I-495 market, Goodrich Corporation, a Fortune 500 Company, recently signed a seven and a half year 131,252 sq. ft. lease for the entire building at 5 Omni Way in Chelmsford, MA. The two-story office/R&D property is owned by investment management firm, KBS Realty Advisors.

Formerly known as B.F. Goodrich, the Goodrich Corp. (NYSE: GR) is one of the world's largest providers of commercial jet equipment, parts and services. The company currently has a market capitalization of approximately $2.8 billion.

"We are very pleased to have attracted such a highly regarded company as Goodrich Corporation to our property at 5 Omni Way," said Charlie Valentino, senior vice president, KBS Realty Advisors. "It is a testament to the quality of the building and its location."

"A new lease of this size, with such a high caliber tenant, is a very positive sign for the real estate market in the Greater Boston area," commented Brian McKenzie, partner with Richards Barry Joyce & Partners, who brokered the transaction. "This transaction is a good example of how great owners and buildings will draw top tier tenants."

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