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

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