KBS REALTY ADVISORS PURCHASES OFFICE TOWER

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DALLAS — KBS Realty Advisors has purchased International Plaza Tower III, 14241 Dallas Parkway in Dallas. The 13-story, 351,872-square-foot office tower is 72 percent leased to major tenants such as IMAC, Duke Realty, Wells Fargo Foothill, KBA Group and Arthur J. Gallagher & Co. The Class AA property is part of the three-building, 1.1 million-square-foot International Plaza office development located along the North Dallas Tollway. John Alvarado of Jones Lang LaSalle’s Dallas office represented the seller, Fortis. Bill Rogalla of KBS Realty Advisors represented his firm in the transaction. Kim Brooks and Fletcher Cordell of Transwestern Commercial Services in Dallas are handling leasing at the tower. Transwestern also manages the property.

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