KBS REIT makes $33M purchase

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

KBS Real Estate Investment Trust has acquired Royal Ridge in the Atlanta North Fulton submarket community of Alpharetta, Ga., for $33 million. The six-story, 160,539-square-foot building sits on a 13.2-acre site and was 96 percent leased at the time of sale, primarily by two credit tenants -- Virginia Surety and Hagemeyer North America. FSP Royal Ridge Corp. sold the property, which was built in 2001. ...