KBS Is “Going Up”
KBS Realty Advisors regional president Marc DeLuca tells us that the firm (owner of $11.2B in real estate) has tapped Newmark Grubb Knight Frank to assist in leasing KBS’ 1.5M SF Virginia portfolio—led by NGKF’s star leasing duo, Ed Clark and Steve Hoffeditz. Marc says KBS is dedicated to rebranding and renovating these well-located assets and has committed significant capital for new amenities, conference centers, fitness facilities, lobbies and systems. The superior location of these assets justifies the capital to elevate the quality and make them competitive. Recent deals at the property include: Jefferson Apartment Group (7,000 SF), Kaiser Scherer & Schlegel (10K SF); and Marashlian & Donahue (9,166 SF). Local assets owned by KBS include One Washingtonian Center, Dulles Station East, Willow Oaks Corporate Center, Thames Street Wharf, and Redwood Plaza. For more info on KBS, click here.