KBS based in Newport Beach, California, announced today the signing of 28,301 square feet in leases at Financial Center at the Gardens in Palm Beach, Florida. Existing tenant and global investment bank, RBC Wealth Management, renewed and expanded their leases while Convergence Investment Partners, a manager of long-short equity strategies, Ballentine Partners, LLC, independent investment and wealth management firm, and Linmar Food Groups, LLC. signed new leases at the property.

The Financial Center at the Gardens is a premier office building centered in North Palm Beach County. The 10-story, Class A building offers 188,950 rentable square feet, and features a spacious atrium, renovated lobbies and common areas. Onsite amenities at the property include a tenant lounge, café and wine bar, structured parking and manned security.

The property is conveniently located just one block from I-95 along the PGA Boulevard, immediately connecting tenants to the major east-west route in the city. The surrounding area provides a true live-work-play environment as the property is directly across from Downtown at the Gardens that offers 50 unique stores and restaurants.

“Financial Center at the Gardens is the home to many high-quality tenants,” said Allen Aldridge, senior vice president for KBS and asset manager for the property. “We look forward to supporting our new tenants while maintaining and strengthening our relationship with existing ones.”

Kevin Landers of Cushman & Wakefield represented RBC Wealth Management, Christopher Smith of NAI/Merin Hunter Codman represented Convergence Investment Partners, Kevin Probel and Kevin McCarthy of CBRE represented Ballentine Partners, LLC, and Tara England and Mark Pateman of Cushman & Wakefield represented KBS in the transactions.

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 $38 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.