Tuesday, February 5, 2013

KBS REIT III Acquires RBC Plaza for $118.1M

National Commercial Real Estate News From CoStar Group

KBS REIT III Acquires RBC Plaza for $118.1M

Newport Beach, CA-based KBS Real Estate Investment Trust III has acquired RBC Plaza in downtown Minneapolis, MN for $118.1 million, or about $175 per square foot, net of closing credits. The full contract price for the sale was reported at $126.5 million.

Located at 60 S. 6th St., the 40-story, trophy-class office tower was built in 1991 in the CBD's financial district along Nicollet Mall. The property contains 609,368 square feet of office space...

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