KBS Strategic Opportunity REIT Acquires City Tower in Orange, California

April 19, 2018 | Beth Glavosek | Blue Vault

KBS Strategic Opportunity REIT has filed additional details regarding its acquisition of City Tower on March 6, 2018. City Tower is an office building that contains 431,007 rentable square feet located on approximately 4.92 acres of land in Orange, California. The purchase price (net of closing credits) was nearly $149 million, which makes this acquisition one of the REIT’s largest purchases to-date.

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