Through a joint venture, KBS Strategic Opportunity REIT II acquired a 90% equity interest in Grace Court, a Class A business park consisting of four buildings and a five level parking garage in the Phoenix central business district (CBD).
With a total of 310,886 rentable square feet, Grace Court has three office buildings ranging from two to six stories that were built between 2003 and 2008, and a historical school house built in 1911 and fully renovated in 2006.
Grace Court has been awarded the Energy Star label for its superior energy efficiency and best practices management.
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