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KBS REIT I Signs 17,817 SF Lease at North Creek Parkway Center

KBS Real Estate Investment Trust, a publicly registered non-traded real estate investment trust based in Newport Beach, California, renewed a 17,817-square-foot lease with Applied Speciation & Consulting at North Creek Parkway Center in the Seattle suburb of Bothell, Washington.

Situated on 13.52 acres of land, North Creek Parkway Center is a six-building suburban campus located within the 52-acre North Creek planned business park. The property is comprised of office, laboratory and warehouse space and features four single-story buildings and two two-story buildings.

Applied Speciation & Consulting is an analytical testing and consulting laboratory that provides trace metal and metal speciation analysis for the commercial, industrial and academic communities.

The Bothell area has welcomed businesses in the technology, biotechnology, manufacturing and service industries. Additionally, the area has seen continuous growth in international trade and warehousing, resulting from its location as the closest American port to Pacific Rim trading companies.

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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