Tag Archives: KBS Real Estate Investment Trust II

Fountainhead Office Plaza

Fountainhead Office Plaza Earns Best LEED-Certified Development Of 2011

Fountainhead Office Plaza in Tempe, winner of the 2012 RED Award for Best Office Project, has been designated the Best LEED-Certified Development of 2011 by the Arizona Chapter of NAIOP.

The award recognizes the best new LEED development in the state of Arizona based on sustainable design, construction and operation.

NAIOP is a leading organization for developers, owners and related commercial real estate professionals, and provides industry networking, education and public policy advocacy.

KBS Real Estate Investment Trust II (KBS REIT II), a non-traded real estate investment trust based in Newport Beach, Calif., acquired the LEED-certified Fountainhead Office Plaza immediately upon its completion in 2011.

The two-building complex was designed and constructed per exact LEED standards and features an Energy Recovery Ventilator (ERV) that cleans incoming air, protects against pollutants and reduces energy costs.

Situated within the 140-acre master-planned Fountainhead Corporate Park, Fountainhead Office Plaza consists of 6- and 10-story buildings totaling 165,300 and 273,800 SF, respectively. Both buildings are 100 percent occupied through 2023 to the University of Phoenix, the nation’s largest accredited private university.

Developers of the project are USAA Real Estate Company and Metro Commercial Properties; general contractor is Sundt Construction; and architect is DAVIS, which won the 2012 RED Award for Architect of the Year.