288,458-SQUARE-FOOT OFFICE BUILDING SELLS IN MINNESOTA

MINNETONKA, MINN. — KBS REIT II has acquired 601 Tower at Carlson Center in Minnetonka. The 15-story, 288,458-square-foot office tower sold for an undisclosed price. The property is 90 percent leased to tenants, including One Beacon Insurance, Conopco, Wachovia, RBC Capital Markets, Robert Baird, Pine River Capital and HQ Global Workplaces. Tom Holtz represented the CB Richard Ellis Minneapolis Investment Team that represented the undisclosed seller in the transaction. KBS Capital Advisors represented Newport Beach, Calif.-based KBS REIT II.