KBS REIT BUYS 283,559 SQUARE FEET OF INDUSTRIAL SPACE

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PLANO, TEXAS — KBS REIT II has purchased a three-building industrial portfolio totaling 283,559 square feet from a private seller for an undisclosed amount. The space is located in the E, F and G buildings of the Plano Business Park in Plano. IDI developed the properties, which are 94 percent leased to seven tenants, in 2001. KBS Realty Advisors represented the buyer. CB Richard Ellis' Jack Fraker and Josh McArtor represented the seller.

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