THREE-BUILDING OFFICE CAMPUS TRADES FOR $40.5 MILLION

SAN DIEGO — KBS Realty Fund has purchased Horizon Tech Center, a three-building, 158,000-square-foot office campus located in the Scripps Ranch submarket of San Diego, in an REO sales transaction totaling $40.5 million. Fully leased to Lockheed Martin, the Class A, LEED Gold-certified development was constructed by Opus in 2009. Cushman & Wakefield’s Jeffrey Cole, Steve Rowland, Steve Rosetta, Ed Hernandez and Michael Roberts represented the seller in the transaction; Chris Wood of Voit Real Estate Services also consulted with ownership on the sale.