KBS Signs Over 30,000 Square Feet at Anchor Centre in Phoenix
September 26, 2018 | James Sprow | Blue Vault
KBS, based in Newport Beach, California, announced on September 25 the signing of 31,333 square feet in leases at Anchor Centre in Phoenix, Arizona. New leases were signed by BurnsBarton, First Option Lending, and Magnus Title Agency, while World Wide Technology Holding and L. Roy Papp & Associates renewed their leases at the property. Anchor Centre is part of the KBS Real Estate Investment Trust III portfolio.
Situated in Phoenix’s Camelback Corridor, Anchor Centre is a two-building office complex offering over 333,000 square feet of rentable space connected by a below-grade parking structure. The complex is equipped with a 5,000-square-foot restaurant and bar, and an outdoor plaza with a central water feature and shaded seating. Onsite amenities at the property include a conference room, game room, fitness center, and car wash.
Anchor Centre is centrally located at 2201 and 2231 East Camelback Road, adjacent to the most prominent intersection in Phoenix, 24thStreet and Camelback. Tenants at the property are within walking distance of numerous shopping and dining options such as Saks Fifth Avenue, California Pizza Kitchen and The Cheesecake Factory.
“Work-life balance is a priority for many of our tenants at Anchor Centre,” said Tim Helgeson, senior vice president for KBS and asset manager for the property. “We are proud to be able to provide them with a variety of onsite and nearby amenities in a location central to Phoenix.”
Source: KBS Press Release
Learn more about KBS Capital Markets Group on the Blue Vault Sponsor Focus page
KBS Legacy Sells Two Multifamily Properties in Continuing Liquidation
KBS Real Estate Investment Trust III Announces $11.73 NAV Per Share
KBS Strategic Opportunity REIT Announces NAV and $3.61 Special Dividend