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KBS Assists in the Acquisition of One Town Center, a Class A Office Tower in Boca Raton, Florida for $99.5 Million on Behalf of Prime US REIT

By   /  July 22, 2021  /  Comments Off on KBS Assists in the Acquisition of One Town Center, a Class A Office Tower in Boca Raton, Florida for $99.5 Million on Behalf of Prime US REIT

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BOCA RATON, Fla.–()–KBS, one of the largest investors in commercial real estate, announced today that the company assisted in the acquisition of One Town Center, a 191,294 square-foot Class A office building in Boca Raton, Florida. The property was acquired from a joint venture between prominent commercial real estate firm CP Group, formerly Crocker Partners, and Siguler Guff & Co. for $99.5 million by Prime US REIT (PRIME), which trades on the Singapore Exchange Securities Trading Limits ticker as: OXMU. KBS serves as the U.S.-based asset manager for the portfolio, which included identifying and sourcing this asset on PRIME’s behalf. One Town Center is a Class A property consisting of a 10-story office…



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