trending Market Intelligence /marketintelligence/en/news-insights/trending/5bmrvimzplucma3cglifkw2 content esgSubNav
In This List

KBS Strategic Opportunity REIT buys Minneapolis office building for $88M

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


KBS Strategic Opportunity REIT buys Minneapolis office building for $88M

KBS Strategic Opportunity REIT Inc., through a subsidiary, bought the 522,656-rentable-square-foot Marquette Plaza in Minneapolis for $88.4 million plus closing costs.

The diversified real estate investment trust used cash on hand to fund the acquisition of the 70%-leased office building, which sits on 2.5 acres of land. KBS may, however, secure debt financing eventually, according to a filing.