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KBS REIT II Signs Two New Leases in St. Louis

KBS Real Estate Investment Trust II (KBS REIT II) recently announced the signing of two new leases with Central Bank of St. Louis and The Hermann Companies at Pierre Laclede Center in St. Louis.

Comprised of 579,846 square feet, the two-tower building features a newly renovated lobby and consists of 15,000 square-foot floor plates. Central Bank of St. Louis has leased 25,107 square feet and The Hermann Companies has signed a 5,636 square foot lease.

Located just minutes away from the downtown area, the property is conveniently situated near plenty of restaurants, central residential communities, an airport, Highways 40 and 170, and several major hotel chains.

Pierre Laclede Center in St. Louis
Pierre Laclede Center in St. Louis

“We believe the location and iconic image of Pierre Laclede Center has had a big influence on attracting and retaining tenants, including First National Bank and The Hermann Companies,” commented KBS senior vice president Brett Merz. 

In addition, the building also features several amenities such as a conference center, on-site café, fitness center, barbershop, and a car wash service.

“Pierre Laclede Center has also undergone extensive renovations over the years that have allowed us to incorporate amenities, such as the conference center and fitness center, which we believe is another huge factor in tenant satisfaction,” added Merz.

KBS REIT II is a non-traded real estate investment trust that focuses on acquiring Class A office and industrial properties. Advised by KBS Capital Advisors, the REIT closed its initial public offering in December 31, 2010.