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KBS REIT III renews lease at Anchor Centre

June 29, 2016

 

 


KBS REIT III renews lease at Anchor Centre

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KBS Real Estate Investment Trust III (“KBS REIT III”), a non-traded real estate investment trust based in Newport Beach, California, announced the renewal of a 16,194-square-foot lease by Northwestern Mutual, a financial planning company, at Anchor Centre.

The Class A, two-building office complex totals 333,014 square feet and is located in Phoenix’s Camelback Corridor. Northwester Mutual’s new lease is for 10 years.

Anchor Centre offers a strong amenity base, including a dry cleaning service, a fitness center offering personal training, cardio and strength training machines and free weights, a conference and training room, a mobile car wash service, underground parking and a tenant lounge and game room.

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Ramón A. Rivera-Ramos
Blue Vault Nontraded REIT and Nontraded BDC Reviews
September 1, 2016

Blue Vault helps me to stay well informed on the financial status of both open and closed nontraded REITs and BDCs, so that I can help my clients better understand the product, before they make the decision to invest and after.