KBS Realty Advisors of Newport Beach, Calif., has signed three leases totaling 20,800 s/f at its 625 Mount Auburn St. property, three miles northwest of Boston. Constituting nearly 15% of the 133,731 s/f building, the lease commitments bring total occupancy of the three-story property to more than 90%.
The three leases are:
* The Travel Collaborative will relocate offices from Somerville to a 6,009 s/f space on the second floor of 625 Mount Auburn St. The lease commences in March, 2012.
* Charles River Analytics has expanded its third-floor lease by 4,662 s/f and now occupies approximately 34,500 s/f. The data and technologies firm has maintained its headquarters at the building since 2003.
* Hunt Alternatives Fund has renewed and expanded its headquarters office by 550 s/f to 10,159 s/f on the building's second floor. The national philanthropic fund has been at 625 Auburn St. since 2007.
The Travel Collaborative was represented by Roberto Magno of Lincoln Property Company and Charles River Analytics was represented by Curtis Cole of CBRE's Boston office. Ellen Fantini Cullinan of Grubb & Ellis negotiated the lease on behalf of Hunt Alternatives.
Robert Fitzgerald and Adam Brinch of CBRE represented KBS in all the transactions.
Acquired by KBS in 2007, 625 Mount Auburn St. is located 1.25 miles from Harvard Sq. and offers access to Rte. 2 and Fresh Pond Pkwy. The property was originally built in 1962 and fully renovated and expanded in 2000 with a new 50,000 s/f wing and atrium lobby.
KBS and affiliated companies own a total of 17 properties totaling approximately 5.5 million s/f in the greater Boston market, including the recently renovated 825 University Ave. building in Norwood.
About KBS
KBS Realty Advisors is a private equity real estate company and SEC-registered investment advisor founded in 1992 by Peter Bren and Chuck Schreiber. Since 1992, KBS-affiliated companies have completed transactional activity in excess of $20.55 billion via 14 separate accounts, six commingled funds, five sovereign wealth funds and five non-traded REITs.