KBS, a non-traded real estate investment trust based in Newport Beach, California, announced today the signing of a new, 26,588-square-foot lease at 1000 Continental in King of Prussia, Pennsylvania. The newest tenant, Sagent Lending Technologies, a leading innovator in automotive lending origination technology, automotive lending servicing technology, and process solutions, as well as comprehensive mortgage and consumer loan servicing solutions.

The office property is a Class A, award-winning building that is Wired Certified through WiredScore for meeting the highest standards of technological superiority in connectivity and infrastructure. The structure provides 205,424 square feet of total rentable space and 45-foot column spacing. The property is also equipped with a fitness center, gourmet café, tenant lounge, on-site security and covered parking.

Located at the intersection of the Pennsylvania Turnpike and I-76 in King of Prussia, 1000 Continental provides direct access to and from both highways. The property is also convenient to the King of Prussia Town Center and Wegmans, and offers transportation through the SEPTA bus service.

“1000 Continental is an ideal place for tenants to attract talent and customers from across the region. The East Swedesford Road Corridor has blossomed into a true live-work-play environment,” said Shannon Hill, senior vice president for KBS and asset manager for the property. “Sagent Lending Technologies is poised for success at the property, and we look forward to working with them.”

John Perkins and Chris Werner of Jones Lang LaSalle represented Sagent Lending Technologies and Stephen Kriz of CBRE represented KBS in the transaction.

ABOUT KBS

KBS is a private equity real estate company and an SEC-registered investment adviser. Founded in 1992 by Peter Bren and Chuck Schreiber, it is recognized as one of the largest commercial office owners globally. Since inception, KBS-affiliated companies have completed transactional activity in excess of $37 billion via 16 separate accounts and six commingled funds, for government and corporate pension funds. Additionally, KBS has sponsored five sovereign wealth funds and seven SEC-registered, non-traded REITs. For information, visit www.kbs.com.