KBS REALTY ADVISORS

News RELEASE


NCC Business Services Takes 10,093 Sq. Ft. at Baywood Center in Jacksonville, Fla.

Leading account receivable management services firm signs long-term lease with KBS Realty Advisors

Jacksonville, Fla. - July 9, 2010: NCC Business Services of America, Inc., a leading account receivable management services firm, has signed a new, 10,093-square-foot lease for the establishment of a corporate office at Baywood Center in Jacksonville, Fla. The new office at Baywood III will support the company’s Jacksonville, Phoenix, Cleveland and Louisville, Ky., call centers for clients in the property management, retail, financial services and credit card industries.

Baywood III, located at 9428 Baymeadows Road, is part of the three-building Baywood Center office park acquired by KBS Realty Advisors of Newport Beach, Calif., in 1999. The property offers a total of 162,824 square feet of commercial office space in Jacksonville's Southside Market submarket.

Duke Addison of Addison Commercial in Jacksonville represented NCC Business Services in lease negotiations, while Bert Smith of Grubb & Ellis/Phoenix Realty Group, Jacksonville, represented KBS. The long-term agreement was finalized in March 2010.

KBS-affiliated companies own four properties totaling more than 444,000 square feet of commercial, industrial, retail and flex office space in Florida. Other KBS-owned properties in the Sunshine State include Sabal Pavilion and Sabal VI in Tampa, and the high-profile 555 Washington office building on Miami Beach.

Allen Aldridge is KBS’ Atlanta-based senior vice president and asset manager for the Southeast Region.

About NCC Business Services
NCC Business Services of America was started in Jacksonville, Fla., in 1986 and is a leading provider of account receivable management services to clients nationwide.

About KBS Realty Advisors
Headquartered in Newport Beach, Calif., 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 has completed transactional activity of approximately $16.5 billion via 19 separate accounts, six commingled funds and two private equity REITs. KBS has offices in Newport Beach, San Francisco, Chicago, Boston, Dallas, New York, Washington, D.C., Atlanta and Los Angeles. For more information, visit www.kbsrealty.com.


Contact:
Bob Ochsner
XPR for KBS Realty Advisors
(714) 881-2341
BOchsner@xpublicrelations.com