KBS REIT III Signs 13K SF in Leases at St. Louis Property

KBS Real Estate Investment Trust III signed two leases totaling 13,229 square feet at 101 South Hanley, a Class A office building in St. Louis. Sirius Computer Solutions renewed its lease, and Peoples National Bank signed a new lease.

Located in the central business district of Clayton, 101 South Hanley is a 19-story building with 346,451 square feet of rentable space that can accommodate both large and small tenants.

Construction is underway at the property for a fitness center, management office, conference center and tenant lounge. A restaurant and a market with deli offerings are also being planned. The office building has a four-floor parking garage as well as a separate parking lot with 83 parking spaces adjacent to the building.

“We are looking forward to continuing our relationship with Sirius Computer Solutions and welcoming Peoples National Bank at 101 South Hanley,” said Brett Merz, senior vice president at KBS. “The property’s current and future amenities make for a pleasant tenant experience, attracting great tenants.”

As previously reported by The DI Wire, the REIT purchased the property in December 2014 for $62.3 million.

KBS Real Estate Investment Trust III invests in a diverse portfolio of real estate investments, primarily focusing on core office properties located throughout the United States. KBS Capital Advisors is the external advisor to KBS Real Estate Investment Trusts. Since its inception, KBS-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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