Disposition of Anchor Centre
On May 22, 2014, the Company, through an indirect wholly owned subsidiary, acquired an office property consisting of two office buildings containing an aggregate of 333,014 rentable square feet located on approximately 7.3 acres of land in Phoenix, Arizona (“Anchor Centre”). On January 19, 2021, the Company completed the sale of Anchor Centre to a purchaser unaffiliated with the Company or KBS Capital Advisors LLC (the “Advisor”), for $103.5 million, or $100.5 million net of credits given to the purchaser primarily for outstanding tenant improvements and lease incentives, before third-party closing costs of approximately $1.1 million and excluding disposition fees payable to the Advisor.
Pursuant to the requirements of the Securities Ex change Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
KBS REAL ESTATE INVESTMENT TRUST III, INC.
Dated: January 20, 2021
/s/ Jeffrey K. Waldvogel
Jeffrey K. Waldvogel
Chief Financial Officer, Treasurer and Secretary
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