KBS Real Estate Investment Trust II Closes on 570,038-sq.-ft. Office Complex in Prime Washington, D.C., Submarket

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Thu Aug 27, 2009 8:00am EDT

High-profile Willow Oaks Corporate Center Becomes Fourth D.C.-area Property in
KBS Portfolio


FAIRFAX, Va.--(Business Wire)--
KBS REIT II, a publicly offered, non-traded real estate investment trust,
announced the purchase of Willow Oaks Corporate Center, a high-profile,
high-demand office complex offering 570,038 square feet of Class A space in the
prime Washington, D.C., submarket of Merrifield in Fairfax County, Va., 10 miles
west of the Nation`s Capital. 

KBS REIT II purchased the three-building property for $112,173,598, or $196.78
per square foot, and represented itself in the transaction. William E. Kaye,
Bill Prutting, Jr., and Randall Heilig of CBRE represented the seller in the
acquisition, which closed late Aug. 26, 2009. 

Willow Oaks Corporate Center is currently 93.2 percent leased to such tenants as
SRA International, ACS, General Dynamics and Computer Science Corporation. Of
the complex`s total leasable space, 60 percent is occupied by companies listed
on the NYSE, and a sizeable percentage is taken by government contractors
providing services for various public agencies. 

"We continue to see Washington, D.C., as a market with above-average potential
thanks to a gradual rebounding of the government and service sectors," said
Senior Vice President Robin Burke of KBS` Washington, D.C. office. "Willow Oaks
offers an excellent balance of price, location, access and amenities, allowing
us to price the building very aggressively relative to the competition." 

Located near the intersection of Route 50 and the Capital Beltway (I-495), two
of Northern Virginia`s busiest commuter routes, the property is convenient to
Tysons Corner and Washington Reagan and Dulles International Airports. The
11.4-acre site is supported by a conference center, fitness center, café and
shuttle service to the Dunn Loring METRO station. Each building features its own
parking structure, and a range of restaurants and full- and limited-service
hotels are located nearby. 

The three buildings, 8260, 8270 and 8280 Willow Oaks Corporate Drive, were
completed in 1986, 1989 and 2003, respectively. 8270 Willow Oaks Corporate Drive
has been fully leased since its initial lease-up in 2005. 

KBS-affiliated companies own three other Washington, D.C.-area properties -
Tysons Dulles Plaza in McLean, Va.; 1945 Old Gallows Road in Vienna, Va.; and
Redwood Plaza in Fairfax - totaling more than 857,000 square feet of space. 

About KBS REIT II

KBS REIT II was formed by Peter Bren, president, Charles Schreiber, chief
executive officer and chairman, Peter McMillan, executive vice president and
treasurer and Keith Hall, executive vice president. 

About KBS Companies

Headquartered in Newport Beach, Calif., KBS Capital Markets Group
(www.kbs-cmg.com) is the dealer manager for KBS REIT and KBS REIT II. KBS
Capital Advisors is the advisor for KBS REIT and KBS REIT II. Both companies are
affiliates of KBS Realty Advisors, 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, DC and Los Angeles. For more information,
visit www.kbsrealty.com. 

This is neither an offer nor a solicitation to purchase securities. Investing in
KBS REIT II involves substantial risks and is not suitable for all investors.
Prior to investing any funds, the prospectus should be read. Such an offer can
be made only by means of a prospectus.No sales can be made before local
registration in any jurisdiction where such a sale would be unlawful.To obtain a
prospectus, please contact your investment professional or KBS Capital Markets
Group, LLC at 660 Newport Center Drive, Suite 1200, Newport Beach, CA 92660
(949-717-6216).





XPR for KBS Realty Advisors
Bob Ochsner, 714-881-2341
BOchsner@xpublicrelations.com



Copyright Business Wire 2009

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