
KBS Strategic Opportunity REIT, a non-traded real estate investment trust based in Newport Beach, California, announced today the signing of 34,506 square feet in leases at Great Hills Plaza in Austin. Guaranty Insurance Services, signed a new 8,140-square-foot lease and One Affiniti LLC, a digital marking firm, signed a new 3,729 square-foot-lease. E2open, LLC, a supply chain operating network, renewed and expanded its lease totaling 22,637 square feet.
Great Hills Plaza is a three-story, Class A office building. Renovated in 2014, the property is decorated with custom artwork and modern furniture, and offers a three-story atrium with floor-to-ceiling glass providing an abundance of natural light. The property also has an on-site car wash and reserved parking.
Great Hills Plaza is situated off Route 183, providing tenants with easy access in and out of downtown Austin. The property is directly across the street from the Arboretum, one of Austin’s major destination retail centers providing tenants with access to many amenities while maintaining a campus feel.
“Great Hills Plaza’s prime location offers tenants a modern corporate setting with a tranquil park-like atmosphere,” said David Moore, senior vice president at KBS and asset manager for the property. “We believe the walkable location and amenities at the Arboretum continue to attract and retain great tenants like Guaranty Insurance Services, One Affiniti LLC and E2open, LLC.”
Thomas Mathency of Colliers represented One Affiniti LLC, Mike Quint of Jackson Cooksey represented Guaranty Insurance Services and Nate Stricklen of CBRE represented E2open, LLC in their respective deals. Mike Brown and Brandon Lester of Transwestern represented KBS in all of the deals.
About KBS
KBS Capital Advisors is the external advisor to KBS Real Estate Investment Trusts (REITs), and is an affiliate of KBS Realty Advisors, a private equity real estate company and SEC-registered investment adviser founded in 1992. Since its inception, KBS-affiliated companies have completed transactional activity in excess of $31.9 billion via 14 separate accounts, six commingled funds, five sovereign wealth funds and seven non-traded REITs. For information, visit www.kbs.com.