KBS Signs 135,734 Square Feet of Leases with 19 Global, National and Local Tenants at Five Texas-Based Class A Office Properties

Alexandra Cullins

 NEWPORT BEACH, CA, Oct. 27, 2021 – KBS, one of the largest investors in commercial real estate, has signed over 135,000 square feet in new leases, renewals, extensions and expansions over the last three months with 19 global, national and local tenants at five Class A Texas-based office properties.

They are Fountainhead Tower and City View in San Antonio, which are institutionally owned, Preston Commons and Sterling Plaza in Dallas, and Legacy Town Center I-III in Plano, which are owned by KBS Real Estate Investment Trust III.

Lindsey Tucker

 Migration to Texas has risen dramatically in recent years, paired with corporate relocations from other markets, which has been occurring consistently for the last two decades.

Kelly Ralston

Texas’ commitment to creating an ideal environment for businesses to thrive, combined with the state’s easing of restrictions that allowed people to make their own decisions about returning to the office early during the pandemic, have boosted the office sector in key Texas markets where KBS owns and manages property, according to Gio Cordoves, Western regional president for KBS.

Gio Cordoves

“KBS’ diversification strategy includes signing leases at our properties with multiple tenants from a wide variety of industries,” says Brett Merz, asset manager for Fountainhead Tower, Preston Commons, Sterling Plaza and Legacy Town Center I-III and senior vice president for KBS.

Brett Merz

“This strategy helps to create stability in our rent rolls and positions our assets for strong performance.”

Jackie Marshall

 Kelly Ralston of Transwestern handled the leasing transactions for Fountainhead Tower on behalf of KBS.

 Dennis Barnes

Lindsey Tucker of CBRE handled leasing transactions for City View on behalf of KBS.

 Dennis Barnes, Jackie Marshall, and Alexandra Cullins of CBRE handled the leasing transactions for Preston Commons, Sterling Plaza and Legacy Town Center I-III on behalf of KBS.

For a complete list of all transactions cited in this release, please contact: 

Lara Sassounian 

lsassounian@brower-group.com

www.kbs.com.