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News: Front Section
Posted: May 20, 2016
KBS Real Estate Investment Trust signs 175,088 s/f lease renewal at Rivertech to Entegris
Billerica, MA KBS Real Estate Investment Trust (KBS REIT I), a non-traded real estate investment trust based in Newport Beach, California, signed a 175,088 s/f lease at Rivertech, a class A property located at 129 Concord Rd. Entegris, a provider of products and materials used in advanced high-technology manufacturing, renewed its lease.
Rivertech, 129 Concord Road - Billerica, MALocated alongside the Concord River, Rivertech is comprised of two, 2-story buildings offering 285,772 s/f. The property is near Rte. 3, which connects suburban Boston’s two major highway loops, I-95 and I-495, and also connects downtown Boston to southern New Hampshire.
Entegris leases the entire building at Rivertech II. The property is a modern, highly functional office/R&D facility that Entegris has called home since 2001.
“We are pleased that Entegris has chosen to once again extend its term at Rivertech,” said Shannon Hill, senior vice president at KBS. “Rivertech’s location along the Route 3 corridor is easily accessible from all directions, making it a great option for tenants seeking high quality office/R&D space.”
KBS was represented by Brian McKenzie, John Wilson, James Lipscomb and Kirk Weller of Transwestern | RBJ, and Entegris was represented by Brian Morrissey and Brooks Murphy of JLL.
KBS Capital Advisors is the external advisor to KBS Real Estate Investment Trusts (REITs), and is an affiliate of KBS Realty Advisors, a private equity real estate company and SEC-registered investment adviser founded in 1992. Since its inception, KBS-affiliated companies have completed transactional activity in excess of $31.5 billion via 14 separate accounts, six commingled funds, five sovereign wealth funds and seven non-traded REITs.
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