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KBS REIT I Signs 321,627 SF Lease at Indiana Industrial Distribution Center

KBS Real Estate Investment Trust, a publicly registered non-traded real estate investment trust based in Newport Beach, California, signed a new 321,627-square-foot lease with Ozburn-Hessey Logistics at the Plainfield Business Center VIII in Plainfield, Indiana. The new tenant will occupy the entire property.

Built in 2006, Plainfield Business Center is a Class A industrial distribution center located at 1251 S. Perry Road. It is part of an industrial portfolio that consists of nine assets located in eight key distribution markets: Dallas, Texas; Atlanta, Georgia; Minneapolis, Minnesota; Austin, Texas; Indianapolis, Indiana; Detroit, Michigan; Cincinnati, Ohio, and Columbus, Ohio. The property includes parking with spaces for industrial trailers and 74 loading docks.

Plainfield is home to the Metropolis outdoor mall, which offers shopping and dining, and attracts many visitors to the area. Plainfield Business Center VIII is located just minutes from Indianapolis International Airport and downtown Indianapolis.

Ozburn-Hessey Logistics is a third-party logistics provider offering integrated global supply chain management solutions, including transportation, warehousing, customs brokerage, freight-forwarding, and import and export consulting services.

KBS Capital Advisors is an affiliate of KBS Realty Advisors, a private equity real estate company and SEC-registered investment advisor founded in 1992. Since its inception, KBS and its affiliated companies have completed transactional activity in excess of $30.5 billion via 14 separate accounts, six commingled funds, five sovereign wealth funds and six non-traded REITs.


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