KBS Realty expands near Boston

Gains amenity-rich office building

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KBS Realty Advisors purchased a 149,528-square-foot office building in Boxborough, Mass., for approximately $17.8 million. The class A property, 80 Central Street, is a three-story building comprised of multiple tenants. It is one of two buildings that make up Tech Center @ Boxborough located on Route 2. Building amenities at the 36.9-acre site include a 125-seat cafeteria, on-site fitness room, and full locker and shower facilities. The seller, whose identity was not disclosed, had acquired the asset in 2002 from a KBS commingled real estate fund. KBS Realty owns five other assets in the Boston area via 16 separate accounts, six commingled funds and a private equity REIT. ...