KBS REIT adds 2.3 million square feet

Buys 9-property industrial portfolio

KBS Real Estate Investment Trust today announced it has acquired the nine-building Opus National Industrial Portfolio for $124.5 million. The class A buildings are located in eight key domestic distribution markets and combined are 97 percent leased to 15 tenants. Comprised of approximately 2.32 million square feet of distribution and office/warehouse space, the properties were built between 1992 and 2006. The portfolio, sold by Opus Corp., includes the following nine properties: Park 75 (427,920 square feet in suburban Cincinnati, Ohio); Hartman BC (353,983 square feet in suburban Atlanta, Ga.); Rickenbacker IV (337,283 square feet in suburban Columbus, Ohio); Plainfield BC VIII (321,627 square feet in Plainfield, Ind.); Crystal Park II (240,452 square feet in suburban Austin, Texas); Cardinal Health DC (221,750 square feet in suburban Minneapolis); ADVO/Valassis (160,464 square feet in metropolitan Detroit); Corporate Express (131,040 square feet in the Dallas-Fort Worth...

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