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| Ten West Corporate Center, a fully leased, four-story, 199,001 SF Class A office building in Houston's Energy Corridor |
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| Susan Hill |
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| Amanda Kennedy |
Attorneys Bruce Fischer and Howard Chu, and paralegal Amanda Kennedy, of global law firm Greenberg Traurig, LLP’s Orange County office, together with attorney Tina Ross in Greenberg Traurig’s Dallas office, represented KBS as legal counsel in the disposition.
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| Tina Ross |
“It was rewarding to work with KBS to complete this transaction, which aligns with the firm’s ongoing investment strategy,” said Fischer, Greenberg Traurig’s Chair of the West Coast Real Estate Practice and Co-Managing Shareholder of the Orange County Office, who led the Greenberg Traurig team representing KBS.
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| Gio Cordoves |
“The Energy Corridor, known as the Central Business District of West Houston, is the third largest employment center in Houston,” says Cordoves.
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| Brett Merz |
Built to the highest institutional standards, the building is leased to a British multinational engineering and consulting firm and a global leader in consulting and engineering across energy and the built environment.
“Ten
West Corporate Center has been fully occupied by an excellent tenant with great
credit during our lengthy hold,” says Brett Merz, asset manager for Ten
West Corporate Center and senior vice president for KBS.
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| Kevin McConn |
“Fully occupied assets like Ten West Corporate Center can provide investors with strong cash flow and performance.”
Ten West Corporate Center is conveniently situated within the Park Ten office park, a 500-acre master-planned business park that is the epicenter of the Energy Corridor submarket.
Park Ten is home to the headquarters of a
number of multi-national companies, including Blade Energy Partners, Kraton
Polymers and Aramco.
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| Martin (Marty) Hogan |
“Opportunities to own such a high-quality,
well-managed property with a solid long-term tenant in place are few and far
between in this market,” says McConn.
Susan Hill with JLL
represented the buyer, Ellingstone Group on acquisition financing.
“Ten West Corporate Center’s stable and predictable income backed by a long-term lease to a multinational tenant with strong creditworthiness made the property extremely attractive to us,” says Rishy Mehrotra, Managing Partner of Ellingstone Group.
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| Bruce Fischer |
About KBS
KBS is
one of the largest investors of premier commercial real estate in the nation.
As a
private equity real estate company and an SEC-registered investment adviser,
KBS and its affiliated companies have completed transactional activity of more
than $43 billion on behalf of private and institutional investors globally.
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| Howard Chu |
The firm is committed in its business ethics,
its business relationships, and its constant focus on exceeding the
expectations of its investors, partners, and tenants.
SEC registration as an investment advisor does
not imply any particular level of skill or training.
CONTACT:
Lara Sassounian
lsassounian@brower-group.com
