Avison Young and KBS Complete Renovation of 1000 Continental

MORRISTOWN, N.J.–(Business WIRE)–Jun 27, 2022–

Jeffrey L. Heller, Principal & Handling Director of the New Jersey offices of leading worldwide commercial real estate business Avison Younger, and KBS, one particular of the premier investors in premier professional genuine estate in the nation, have introduced the completion of a sequence of renovations at 1000 Continental, an award-successful Class-A business developing in King of Prussia, Pennsylvania. The assets is aspect of KBS’ customer portfolio.

“As a enterprise with 30+ yrs of working experience possessing and working major-tier business properties, KBS understands the pros that a refreshed place of work environment can present as it welcomes tenants again to the workplace,” mentioned Tracey Kasper, Principal of Job Administration for Avison Youthful. “Avison Younger was pleased to supply for KBS the very first round of renovations at 1000 Continental to assist keep the building’s status as a industry-main tackle.”

“KBS, has employed Avison Young’s challenge and construction management companies right before, and we are honored they once more entrusted us to oversee this renovation at 1000 Continental,” added Kasper.

“KBS is looking at a important flight to high quality as place of work workforce return to performing in individual, so we considered now was the opportune time to spend in these renovations, with a different round of updates coming, for our tenants at 1000 Continental Push,” explained Luke Hamagiwa, Vice President, Acquisitions and Asset Management at KBS. “It is constantly a satisfaction to collaborate with the Avison Youthful crew, whose skills has helped us to strengthen our qualities for tenants.”

The initiatives were being led by Avison Young’s senior project manager, Alan Zambarano, with nearby assistance from John Colvin, undertaking manager. Alan has been top capital improvement and tenant assignments for Avison Young and has a extended-standing romantic relationship with the KBS workforce, having most lately finished an 8,750 sq.-foot workplace renovation at KBS’ CrossPoint building, an award-successful LEED Gold, Wired Scored Gold, Electrical power Star certified and UL Healthy Setting up Confirmed for Indoor Air home in Wayne, Pennsylvania. Zambarano’s venture and building administration practical experience supply the experience to handle innovative options within just spending plan parameters.

The significant renovations at 1000 Continental consist of a conferencing heart with everyday gathering spaces to accommodate just about anything from smaller board meetings up to larger training requirements. In addition, all of the frequent places obtained a refresh to modernize the community views, which include the elevators, lobbies and prevalent corridors. KBS strategies to carry out further improvements to 1000 Continental as component of a strategic multi-yr enhancement approach.

Built in 2007, 1000 Continental is a 205,424-square-foot, Class-A workplace developing at the intersection of the Pennsylvania Turnpike (I-276) and I-76 in King of Prussia. The assets, constructed with LEED Silver Certification and Wired Licensed Gold by WiredScore, is also UL Balanced Setting up Verified for Indoor Air and Energy Star licensed. Tenant amenities include things like a connoisseur café, conference center, exercise middle, tenant lounge, and a personal commuter shuttle to and from the Strafford Teach Station. All frequent regions have been outfitted with Wi-Fi and tv displays, which are found all through the to start with and next ground lobbies.

About Avison Younger

Avison Young generates true economic, social and environmental benefit as a world wide true estate advisor, powered by men and women. As a private enterprise, our customers collaborate with an empowered companion who is invested in their good results. Our built-in talent realizes the complete opportunity of genuine estate by working with world-wide intelligence platforms that offer clients with insights and gain. Together, we can develop balanced, effective workplaces for personnel, cities that are centers for prosperity for their citizens, and constructed spaces and destinations that generate a net profit to the financial state, the atmosphere and the community.

Avison Youthful is a 2022 winner of the Canada’s Ideal Managed Firms Platinum Club designation, getting retained its Greatest Managed designation for 11 consecutive a long time.

www.avisonyoung.com

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About KBS

KBSis one of the biggest traders of premier industrial serious estate in the nation. As a personal equity real estate enterprise and an SEC-registered financial investment adviser, KBS and its affiliated corporations have accomplished transactional exercise of far more than $44.5 billion on behalf of personal and institutional traders globally. Started in 1992 by Peter Bren and Chuck Schreiber, KBS acquires and operates key commercial real estate in some of the most effective epicenters in the country. The business is dedicated in its organization ethics, its organization associations, and its constant concentrate on exceeding the anticipations of its investors, partners, and tenants. SEC registration as an financial investment advisor does not imply any certain level of skill or schooling. For more information and facts on KBS, be sure to take a look at www.kbs.com.

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Fora lot moreinformation:

Check out resource variation on businesswire.com:https://www.businesswire.com/information/property/20220627005741/en/

Make contact with: MEDIA

Sandra Hill, Media Relations, U.S.:+1.281.853.5548KBS Media Relations:

Lexi AstfalkorJenn Quader, The Sensible Company,+1.949.438.6262

Ginny Walker, KBS Community Relations,+1.949.417.6535Business enterprise Enhancement

Jeffrey L. Heller, Principal & Managing Director, New Jersey: +1.973.898.6360

Tracey Kasper, Principal & Vice President, Venture Administration, New Jersey: +1.973.898.6375

Key phrase: PENNSYLVANIA NEW JERSEY UNITED STATES NORTH The usa

Field Search phrase: Professional Constructing & Real ESTATE Design & Property REIT Inside Design and style

Supply: KBS

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PUB: 06/27/2022 04:25 PM/DISC: 06/27/2022 04:26 PM

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