KBS REIT I Renews 112,000 SF Lease at Silicon Valley Property
Jun 13 2016 | DI Wire
KBS Real Estate Investment Trust, a publicly registered non-traded real estate investment trust, signed a 111,926-square-foot lease at Bridgeway Technology Center, a Class A property in Newark, California. Morpho Detection, LLV, a global security and identity firm, renewed its lease.
Bridgeway Technology Center, which was purchased by the REIT in July 2007 for $49.9 million, consists of two office and research and development buildings that were built in 1996. With concrete tilt-up construction, the buildings’ design accommodates multiple- and single-tenant occupancies, as well as a variety of uses, including office, high-tech manufacturing and assembly, and biotechnology. Bridgeway Technology Center also has a parking garage and loading docks.