BELLEVUE, Wash., May 27, 2016 (GLOBE NEWSWIRE) -- Transwestern today announces KBS Capital Advisors, the exclusive advisor for KBS’ publicly registered, non-traded REITs, has retained Transwestern to provide management services for the 778,472-square-foot Westpark Portfolio in Redmond, Washington. Transwestern Senior Vice President Mark Jackson, head of Management Services in the Seattle and Puget Sound region, will lead the management team.
The 21-building Westpark Portfolio is comprised of three business parks located adjacent to the Redmond Central Business District:
- Westpark Business Park consists of 14 office and flex buildings totaling 580,104 square feet.
- Redmond Center Court is a two-building industrial park totaling 77,492 square feet.
- Pacific Business and Technology Center encompasses five office and flex buildings totaling 120,876 square feet.
“We are honored that KBS has entrusted Transwestern to manage this significant acquisition,” said Jackson. “And we sincerely appreciate the opportunity to expand our relationship with KBS both locally and nationally. Combined with The Central Building in Seattle’s Central Business District, this assignment brings Transwestern to nearly 2 million square feet of property management assignments with KBS in the Puget Sound region.”
ABOUT KBS CAPITAL ADVISORS
KBS Capital Advisors was formed in 2006 as the exclusive advisor for KBS’ publicly registered, non-traded REITs, which are designed to give individual investors the ability to invest in a similar type of real estate as KBS pension fund and institutional partners. Since 2006, KBS has formed five non-traded REITs which propelled the company to becoming one of the top real estate buyers in the nation in recent years.
Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Management, Tenant Advisory, Capital Markets, Research and Sustainability services, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Transwestern has 34 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern.
Source:Transwestern Commercial Services, LLC