Newport Beach, Calif.,-based KBS Real Estate Investment Trust III has bought 201 Spear St. for $121 million plus closing costs. The 18-story, 246,563-square-foot, Class-A office tower in San Francisco’s South Financial District sold for just under $500 a square foot. “San Francisco’s South Financial District is considered one of the nation’s top-performing office markets, and KBS REIT III is pleased to have a presence here,” said KBS Senior Vice President and ...
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