KBS REIT II Lands a 122,948-SF Tenant at Willow Oaks Corporate Center

Newport Beach, CA-based KBS Real Estate Investment Trust II, a non-traded real estate investment trust, has signed Fairfax County School Board at Willow Oaks Corporate Center, entering a new lease to occupy 122,948 rentable square feet at 8270 Willow Oaks Corporate Dr.

Willow Oaks Corporate Center is made up of three Class A office buildings in Merrifield, VA located near the intersection of two of Northern Virginia’s busiest commuter routes on Route 50 and the Capital Beltway (I-495).

The location is ideal for those who do business in both Northern Virginia and Washington, D.C., according to a prepared statement. The property also benefits from the Dunn Loring Metro Station, which allows easy access to the area.

Fairfax County School Board is responsible for the operation of the public schools of Fairfax County, ranked by enrollment as the tenth largest school division in the United States. The school board signed the 122,948-square-foot lease and plans to move a portion of its administrative personnel into the building in March of 2016.

“Willow Oaks has undergone extensive upgrades with the addition of a new conference center, coffee bar and fitness studio, offering tenants a functional and attractive space,” says KBS SVP Stephen Close. “We believe that these sought-after amenities, among other enhancements, are part of the reason they were attracted to the property, and we believe KBS’s commitment to elevating the overall tenant experience at Willow Oaks will continue to attract similar top-tier credit tenants.”

John Gibb and Patti Restrepo of JLL represented FCSB and Ed Clark, Steve Hoffeditz and Wes Evans of Newmark Grubb Knight Frank represented KBS REIT II on the lease.

As The DI Wire previously reported, in other KBS REIT II news, it just renewed a 142,700-square-foot lease with NETGEAR Inc. at the 350 E. Plumeria Building in San Jose.

KBS Capital Advisors is KBS REIT II’s external advisor and is an affiliate of KBS Realty Advisors, a private equity real estate company and SEC-registered investment adviser founded by Peter Bren and Charles J. Schreiber in 1992. Since its inception, KBS affiliated companies have completed transactional activity in excess of $30.5 billion via 14 separate accounts, six commingled funds, five sovereign wealth funds and six non-traded REITs.

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