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Bellevue, Wash. — May 26, 2016 — Transwestern announced that KBS Capital Advisors, the exclusive advisor for KBS’ publicly registered, non-traded REITs, has retained Transwestern to provide management services for the 778,472-square-foot Westpark Portfolio in Redmond, Wash.
The 21-building Westpark Portfolio is comprised of three business parks adjacent to the Redmond Central Business District:
• Westpark Business Park consists of 14 office and flex buildings totaling 580,104 square feet.
• Redmond Center Court is a two-building industrial park totaling 77,492 square feet.
• Pacific Business and Technology Center encompasses five office and flex buildings totaling 120,876 square feet.
The assignment brings Transwestern to nearly 2 million square feet of property management assignments with KBS in the Puget Sound region.
KBS Capital Advisors was formed in 2006 as the exclusive advisor for KBS’ publicly registered, non-traded REITs. It has become one of the top real estate buyers in the nation in recent years.
Transwestern is a privately held real estate firm specializing in agency leasing, management, tenant advisory, capital markets, research, and sustainability services.