KBS ACQUIRES WEST LOOP I & II IN HOUSTON

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HOUSTON — Newport Beach, Calif.-based KBS Strategic Opportunity REIT has closed on its acquisition of West Loop I & II, a 313,873-square-foot office complex located in Houston's Bellaire submarket. The office complex recently underwent nearly $4 million in capital improvements, including elevator upgrades and renovations for its adjacent eight-story parking deck. Charles Schreiber, Jr., Peter Bren, Keith Hall and Peter McMillan III of KBS Realty Advisors sponsored the buyer in the transaction, and KBS Capital Advisors LLC advised the REIT.

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