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KBS REIT sheds Missouri office building for $86M

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KBS REIT sheds Missouri office building for $86M

KBS Real Estate Investment Trust Inc. sold the 16-story Plaza in Clayton office building in St. Louis for $85.5 million, generating net cash to the company of about $83.9 million.

Franklin Partners LLC bought the property, which offers roughly 325,172 rentable square feet on an approximately 2.31-acre land parcel.