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| News RELEASE |
KBS Realty Advisors Signs Two Leases at Dupont Centre in Irvine
Newport Beach, CA - December 17, 2008: KBS Realty Advisors of Newport Beach, Calif., one of the nation’s leading commercial real estate investment advisors, has signed two leases at Dupont Centre, the two-building suburban office complex it purchased in the John Wayne Orange County Airport submarket of Irvine, Calif., in June 2008.
“KBS Realty Advisors continues to counter industry trends by signing new tenants, and expanding its commitments from existing space users,” explained David Kray, KBS senior vice president. “This ability in the midst of the current economy is testimony to the KBS network of local offices staffed by real estate experts with an intimate knowledge of the local market.”
The law firm of Thomas, Kirk and Toberty, LLP, renewed its lease at 2201 Dupont Centre Drive, expanding its agreement to 3,413 square feet. John Weiner, Jeff Morgan and Dean Chandler of CB Richard Ellis represented the owner, and Steve Lee of Cushman & Wakefield represented Thomas, Kirk and Toberty.
Headway Corporate Resources, a Raleigh, N.C.-based corporate recruitment and staffing company, leased 2,478 square feet at 2201 Dupont Centre Drive for the establishment of an Orange County, Calif., office. John Weiner, Jeff Morgan and Dean Chandler of CB Richard Ellis represented the owner, and Mitch Lindquist of Jones Lang LaSalle represented Headway Corporate Resources.
KBS is a low-leverage owner with a long track record of institutional quality management and service to tenants, and remains committed to this high level of service during a time when some property owners are experiencing cash shortages.
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 billion via 19 separate accounts, six commingled funds and two private equity REITs. For more information, visit www.kbsrealty.com.