Skip to content

KBS REIT III Renews 31,040 Square Feet at Rocklin Corporate Center in California

KBS Real Estate Investment Trust III, a publicly registered non-traded REIT based in Newport Beach, Calif., renewed leases totaling 31,000 square feet with Intercare Holdings, Inc. at Rocklin Corporate Center.

Rocklin Corporate Center is a two-building, 220,000-square-foot Class A office property located on West Oakes Boulevard in the Sacramento suburb of Rocklin, California. Built in 2007, the property was awarded an Energy Star label for its operating efficiency and includes sustainable elements such as low flow fixtures and environmentally friendly carpet and ceiling tiles. KBS purchased the property in November of 2014, and in that time, the occupancy rate has increased from 90 percent to 96 percent.

“We are grateful for the opportunity to continue our relationship with Intercare Holdings, Inc. at Rocklin Corporate Center,” said Brent Carroll, senior vice president, KBS. “The property’s campus-like environment and various amenities provide a quality experience for its tenants.” 

Tom Heacox of Newmark Cornish & Carey represented KBS Real Estate Investment Trust III in the leases. Greg Tippin of Newmark Grubb Knight Frank represented Intercare Holdings.

For more KBS related news, visit their Directory Listing here.