KBS Realty Advisors Signs Aecom at Colonnade One in Raleigh
Lease Accounts for More than 13 Percent of Class-A Office Building
Raleigh, NC - November 2, 2009: KBS Realty Advisors, one of the country’s largest real estate investment advisors and a growing North Carolina property owner, has signed a long-term lease with Aecom Technology Corporation of Los Angeles at its high-profile Colonnade One office property in north Raleigh.
The Newport Beach, Calif.-based company finalized the new, long-term lease for 16,943 square feet, which constitutes 13.4 percent of the 126,927-square-foot office building. John Daly of CB Richard Ellis Corporate Services represented Aecom in lease negotiations, while Ford Griswold and John Brewer of CB Richard Ellis represented KBS.
Aecom (NYSE: ACM) is a global provider of professional technical and management support services to the transportation, facilities, environmental and energy industries. A Fortune 500 company, Aecom serves clients in more than 100 countries and had revenue of $6.1 billion during the 12-month period ended June 30, 2009.
Boasting a two-story atrium, distinctive glass exteriors and a tenant-friendly location off Six Forks Road near Six Forks Station and Harvest Plaza Shopping Center, Colonnade One has emerged as one of the most sought-after class-A commercial office properties in north Raleigh.
KBS-affiliated companies own more than 872,000 square feet of North Carolina real estate, including the 496,336-square-foot Crossroads Distribution Center in Charlotte; and the three-building, 248,823-square-foot Crescent Green office complex in Cary.
In addition to the lease at Colonnade One, KBS-affiliated companies recently signed three leases totaling 112,464 square feet at Crossroads Distribution Center.
About KBS Realty Advisors
Founded by Peter Bren and Chuck Schreiber in 1992 as a private equity real estate company, KBS Realty Advisors is a SEC-registered investment advisor. KBS Realty Advisors and its affiliate, KBS Capital Advisors, invests in, manages and sells high-quality U.S. commercial real estate assets for institutional, corporate and private investors. Since 1992, KBS has completed transactional activity of approximately $16.5 billion via 19 separate accounts, six commingled funds and two private equity REITs. For more information, visit www.kbsrealty.com.