KBS REALTY ADVISORS SIGNS NEARLY 60,000 SF AT COLONNADE ONE

RALEIGH, N.C. — KBS Realty Advisors, a commercial real estate investment advisor firm based in Newport Beach, Calif., has signed pharmaceutical company Salix to a lease extension and expansion at its Colonnade One office building in Raleigh. Colonnade One is a five-story, 126,928-square-foot office building and is now fully leased. Salix signed an extension to its existing 42,949-square-foot lease, as well as a 16,749-square-foot expansion. Both lease terms run through 2023. Ed Pulliam of CBRE represented Salix in the transaction.