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News release

Dallas, TX

KBS Realty Advisors Awards Jones Lang LaSalle Exclusive Leasing Assignment of Three Dallas Buildings Totaling 428,042 Square Feet


DALLAS, Jan. 5, 2011 — Jones Lang LaSalle was recently awarded the exclusive leasing assignment of three buildings totaling 428,042 square feet of office space. The buildings, which are owned by KBS Realty Advisors, include Pacific Center I & II and Office Alpha in Dallas, and Parkwood Place I in Plano. 

The Jones Lang LaSalle team of Managing Director Steve Everbach and Senior Vice Presidents Jeff Eckert, James Esquivel, Sandie Matejek, and Associates Conor McCarthy and Jordan Lane, will lead the leasing and marketing efforts on behalf of the ownership. 

“Our team brings more than 20 years of experience to the assignment, with specific concentration in the North Dallas and LBJ submarkets,” said Everbach. “We are eager to add our knowledge and market insight to the diversified and well-positioned portfolio.”

Ken Robertson, Senior Vice President Asset Management of KBS Realty Advisors added, “Working with exceptional real estate service firms, like Jones Lang LaSalle, has been a key part of developing KBS’s reputation as a quality landlord in Dallas. We have a lot of respect for Jones Lang LaSalle as an organization, but specifically the depth and breadth of professionals in our Dallas leasing team. We are thrilled to be working with them and know their professionalism, creativity and energy will contribute greatly to our future success in the DFW region.”

Pacific Center I & II, located at 14180-14160 Dallas Parkway in Dallas, is a Class-A office complex that totals 224,560 square feet with 64,311 square feet available for lease. Building amenities at Pacific Center I & II include a new tenant lounge, tenant conference center, deli, card key access after hours, and on-site management. The complex is conveniently located along the Dallas North Tollway, just north of Spring Valley Road, in proximity to LBJ Freeway. Major tenants include AMS Staff Leasing, Capital Senior Living Corporation and Jefferson Life Insurance.

Office Alpha is located at 13140 Coit Road in Dallas and totals 101,977 square feet of office space.  Currently the building is 84 percent leased with 23,121 square feet available. Office Alpha has excellent freeway access and is within minutes of numerous restaurants, four-star hotels and the Galleria Mall.

Parkwood Place I, a three-story office building at 5601 Democracy Drive in Legacy Park (Dallas North Tollway and Highway 121), totals 98,750 square feet of Class A office space. Currently the building offers 18,177 square feet of available space. Major tenants include Highland Homes and Huntington Homes.

All three buildings offer richly appointed, finished spec-suites that are ready for immediate move in.  For additional leasing information, please contact Steve Everbach at +1 (214) 438-6393.

About KBS

Founded by Peter Bren and Charles J. Schreiber, Jr. in 1992, KBS is one of the nation's largest buyers of commercial real estate and structured debt investments, having completed approximately $20 billion in transactional volume since its inception. In October 2010, KBS was ranked by Pensions & Investments among the largest real estate managers in the nation. KBS has a strong reputation in the industry for efficient and timely closing on large and complex transactions in the office, industrial, multifamily and retail sectors. KBS also originates and acquires debt positions collateralized by stabilized and value-added properties.

About Jones Lang LaSalle

Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2009 global revenue of $2.5 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.6 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with approximately $40 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.