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KBS REIT III Acquires Class A Office Property in Salt Lake City

SALT LAKE CITY, UT, May 15, 2012 (MARKETWIRE via COMTEX) --. KBS Real Estate Investment Trust III (KBS REIT III), a publicly. portfolio with the acquisition of Gateway Tech Center, a. 198,565-square-foot converted warehouse property in downtown Salt. on nine acres near the Gateway District, a 40-acre mixed-use. 2 million square feet. Gateway Tech Center is a five-story Class A office building situated. for the Salt Lake City Hardware Company, the building was renovated. registered, non-traded real estate investment trust based in Newport. , has added another signature office building to its. and converted into modern office space in 1996. The acquisition marks the REIT's fifth equity asset for a. total of more than 1. The property at 155. Originally constructed as a warehouse facility in 1909. , and Utah.

Loeb Makes Progress On Square Plan

Loeb announced its first lease for the Square two weeks ago with the signing of Local Gastropub in the space that housed Yosemite&rsquo. Local will have a patio on the north side of its 6,000-square-foot, two-story building. s footprint to about 115,000 square feet. said Bob Loeb, CEO of Loeb Properties. Loeb is expected to close on nine acres near the Cooper-Madison intersection from its Colorado owners by mid-June. s was the longest-running existing business in the Square before closing its doors last August. s plan, first and foremost, is to redesign seven existing buildings on the north and south sides of Madison. The north side of the road will be leased and hopefully open, 100-percent occupied by the end of the year. Loeb&rsquo. Yosemite Sam&rsquo.

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KBS REIT III Acquires Class A Office Property in Salt Lake City
The acquisition marks the REIT's fifth equity asset for a total of more than 1.2 million square feet. Gateway Tech Center is a five-story Class A office building situated on nine acres near the Gateway District, a 40-acre mixed-use development.

Loeb Makes Progress On Square Plan
Loeb Makes Progress On Square Plan Square and its developer, Loeb Properties Inc. In the coming months and years, the firm will invest about $20 million to revive the arts and entertainment district's footprint to about 115000 square feet. Loeb is expected to close on nine acres

NanoViricides building Shelton lab/office/plant
Retired Bristol-Myers-Squibb executive Andrew Hahn will advise on the conversion of an 18000-square-foot light-manufacturing building in 4.2 acres into a laboratory, offices and pilot-production facility, officials announced Tuesday.

Ledson plans new Kenwood winery
Details in the use permit application include the conversion of the walnut orchards to vineyard, two 6000-square-foot barn structures for winery production, another 6000-square-foot facility, and a 17000-square-foot tasting room structure.

Personal Care Home Proposed for Jim Moore Road
If approved, the 30000-square-foot, 50-unit personal care facility would be located near the corner of Jim Moore Road and Hog Mountain Road. By Kristi Reed This residence at 3751 Jim Moore Road, adjoining the Hamilton Mill subdivision in Dacula,