KBS ACQUIRES CLASS A OFFICE BUILDING IN ORLANDO FOR $31.2M

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ORLANDO, FLA. — KBS Strategic Opportunity REIT, a public non-traded REIT based in Newport Beach, Calif., has purchased Maitland Promenade II, a 230,366-square-foot, Class A office building in Orlando’s Maitland submarket. The REIT acquired the five-story property, located at 495 N. Keller Road, for $31.2 million. The building is 77.2 percent leased to tenants including Star Networks, United Healthcare, Zurich Insurance, Akerman, Senterfitt and Edison and New York Life.

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