KBS Realty Advisors of Newport Beach, California announced today the acquisition of Stonebridge Plaza I & II, a two-building, Class A office property located at 9600 and 9606 North MoPac Expressway in Austin. The property offers two 9-story office towers with 386,101 rentable square feet.

Stonebridge Plaza I & II is conveniently located at the intersections of Highway 183, Highway 360 and the MoPac Expressway, enabling easy access to Austin’s northwest suburbs, the city’s central business district and nearby executive housing. Tenants can also enjoy dining and shopping at The Domain and The Arboretum at Great Hills, two shopping and entertainment districts which are both located within minutes of the property. Balcones District Park and Walnut Creek Greenbelt are also within close proximity of the towers, offering walking trails, tennis and basketball courts and a pool.

Stonebridge Plaza I & II has a 4/1,000 parking ratio with a seven-story garage adjoining the two LEED-certified office towers, and highly efficient floor plates can accommodate a variety of tenants. Situated on an elevated 5.1 acre site, Stonebridge Plaza I & II provides unobstructed views of downtown Austin and is highly visible from the expressway.

“We believe that Stonebridge Plaza I & II will be a strong addition to KBS’ portfolio,” said Gio Cordoves, senior vice president at KBS and asset manager for the property. “Austin has been named one of the fastest growing cities in the U.S. and offers lower business and living costs which complement a young, well-educated population, creating an ideal business location and quality of life for residents and employees.”

The property was 96 percent leased at signing. Current tenants include Qualcomm, Google and Oracle.

About KBS

KBS Realty Advisors is a private equity real estate company and SEC-registered investment advisor founded in 1992. KBS Realty Advisors and its affiliated companies have completed transactional activity of over $31.9 billion via 14 separate accounts, six commingled funds, five sovereign wealth funds and seven non-traded REITs. For information, visit www.kbs.com.

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements relating to KBS’s ability to invest in and manage a diverse portfolio, and the performance of Stonebridge Plaza I & II and of the Austin real estate market. These statements are subject to known and unknown risks, uncertainties and other factors which may cause KBS’s and/or Stonebridge Plaza I & II’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.