MORRISTOWN, NJ–(BUSINESS WIRE)–Jeffrey L. Heller, Principal & Managing Director of the New Jersey workplaces of main world business actual property agency Avison Younger, and KBS, one of many largest buyers in premier business actual property within the nation, have introduced the completion of a collection of renovations at 1000 Continental, an award-winning Class-A workplace constructing in King of Prussia, Pennsylvania. The property is a part of KBS’ consumer portfolio.
“As an organization with 30+ years of expertise proudly owning and working top-tier workplace properties, KBS understands the benefits {that a} refreshed workplace setting can present because it welcomes tenants again to the office,” mentioned Tracey Kasper, Principal of Challenge Administration for Avison Younger. “Avison Younger was happy to ship for KBS the primary spherical of renovations at 1000 Continental to assist keep the constructing’s standing as a market-leading deal with.”
“KBS, has used Avison Younger’s venture and building administration companies earlier than, and we’re honored they once more entrusted us to supervise this renovation at 1000 Continental,” added Kasper.
“KBS is seeing a serious flight to high quality as workplace staff return to working in particular person, so we believed now was the chance time to put money into these renovations, with one other spherical of upgrades coming, for our tenants at 1000 Continental Drive,” mentioned Luke Hamagiwa, Vice President, Acquisitions and Asset Administration at KBS. “It’s all the time a pleasure to collaborate with the Avison Younger workforce, whose experience has helped us to enhance our properties for tenants.”
The initiatives had been led by Avison Younger’s senior venture supervisor, Alan Zambarano, with native assist from John Colvin, venture supervisor. Alan has been main capital enchancment and tenant initiatives for Avison Younger and has a long-standing relationship with the KBS workforce, having most not too long ago accomplished an 8,750 square-foot workplace renovation at KBS’ CrossPoint constructing, an award-winning LEED Gold, Wired Scored Gold, Power Star licensed and UL Wholesome Constructing Verified for Indoor Air property in Wayne, Pennsylvania. Zambarano’s venture and building administration expertise offers the experience to handle artistic options inside price range parameters.
The main renovations at 1000 Continental embody a conferencing heart with informal gathering areas to accommodate something from smaller board conferences as much as bigger coaching necessities. As well as, the entire widespread areas acquired a refresh to modernize the general public views, together with the elevators, lobbies and customary corridors. KBS plans to implement additional enhancements to 1000 Continental as a part of a strategic multi-year enchancment plan.
Constructed in 2007, 1000 Continental is a 205,424-square-foot, Class-A workplace constructing on the intersection of the Pennsylvania Turnpike (I-276) and I-76 in King of Prussia. The property, constructed with LEED Silver Certification and Wired Licensed Gold by WiredScore, can be UL Wholesome Constructing Verified for Indoor Air and Power Star licensed. Tenant facilities embody a gourmand café, convention heart, health heart, tenant lounge, and a non-public commuter shuttle to and from the Strafford Prepare Station. All widespread areas have been outfitted with Wi-Fi and tv screens, that are situated all through the primary and second ground lobbies.
About Avison Younger
Avison Younger creates actual financial, social and environmental worth as a world actual property advisor, powered by individuals. As a non-public firm, our shoppers collaborate with an empowered accomplice who’s invested of their success. Our built-in expertise realizes the total potential of actual property by utilizing world intelligence platforms that present shoppers with insights and benefit. Collectively, we are able to create wholesome, productive workplaces for workers, cities which can be facilities for prosperity for his or her residents, and constructed areas and locations that create a internet profit to the financial system, the setting and the neighborhood.
Avison Younger is a 2022 winner of the Canada’s Finest Managed Firms Platinum Membership designation, having retained its Finest Managed designation for 11 consecutive years.
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About KBS
KBS is likely one of the largest buyers of premier business actual property within the nation. As a non-public fairness actual property firm and an SEC-registered funding adviser, KBS and its affiliated corporations have accomplished transactional exercise of greater than $44.5 billion on behalf of personal and institutional buyers globally. Based in 1992 by Peter Bren and Chuck Schreiber, KBS acquires and operates prime business actual property in a few of the most profitable epicenters within the nation. The agency is dedicated in its enterprise ethics, its enterprise relationships, and its fixed deal with exceeding the expectations of its buyers, companions, and tenants. SEC registration as an funding advisor doesn’t indicate any specific degree of talent or coaching. For extra info on KBS, please go to www.kbs.com.
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