KBS Strategic Opportunity REIT, a publicly registered non-traded real estate investment trust, inked three leasing deals totaling 15,688 square feet at its Richardson Office Portfolio in the Dallas suburb of Richardson, Texas. Shea & McMurdie Financial and Stuart Gurnea are new tenants occupying the properties and Treliant Risk Advisors is an existing tenant that recently renewed its lease.
Shea & McMurdie Financial is a consultancy offering tax planning and other financial services that signed a 3,082-square-foot lease. Stuart Gurnea is an insurance agent that signed a 1,026-square-foot lease, and Treliant Risk Advisors is a compliance, risk management, and strategic advisory firm for the financial services industry that renewed an 11,580-square-foot lease.
“Richardson Office Portfolio is situated in an established and well-traveled business area that is home to many of the country’s top companies across a variety of industries,” said KBS senior vice president David Moore. “We are pleased to welcome this group of tenants to the property and hope to continue attracting similar companies.”
Richardson Office Portfolio is a four-building office campus located on 43 acres of land situated near the intersection of US-75 Central Expressway and President George Bush Turnpike near Dallas. Additionally, there is easy access to DART rail stations for commuters.
KBS Strategic Opportunity REIT, in a joint venture with JP-Richardson, originally purchased the property in November 2011 for $44.5 million.
KBS Capital Advisors is the external advisor to KBS Real Estate Investment Trusts, and is an affiliate of KBS Realty Advisors, a private equity real estate company and SEC-registered investment adviser founded in 1992. Since its inception, KBS-affiliated companies have completed transactional activity in excess of $31.1 billion via 14 separate accounts, six commingled funds, five sovereign wealth funds and six non-traded REITs.