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KBS Realty Advisors, Kane Realty sell NC office asset for $127M

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KBS Realty Advisors, Kane Realty sell NC office asset for $127M

A partnership between KBS Realty Advisors LLC and Kane Realty Corp. divested the 12-story Midtown Plaza office development in the North Hills area of Raleigh, N.C., for $127 million.

The price for the 329,613-square-foot class A property was higher than expected.