KBS Deepens Focus on Technology; Achieves the First-Ever WiredScore Property in Bloomington, Minnesota Market

BLOOMINGTON, Minn.--(BUSINESS WIRE)--KBS, one of the largest owners of premier commercial real estate in the nation, has announced that Northland Center, a two-building, 492,514 square-foot Class A office park, has become the first-ever property to achieve Wired Certification in the Bloomington, Minnesota market.


The asset was awarded Wired Certified Gold status by WiredScore, indicating that it meets the international standard for cutting-edge internet connectivity in office buildings. Northland Center becomes one of only eight buildings in the state of Minnesota to receive this certifcation.

This distinction underscores KBS’ ongoing focus on innovation and technology within its portfolio of assets, according to Rod Richerson, regional president, Western United States for KBS.

“We understand that connectivity is a key demand driver for today’s most prominent office tenants,” says Richerson. “By achieving this first-ever Wired Certification in Bloomington, we continue to demonstrate our position as a forward-looking owner with assets that are held to the very highest of standards.”

With this new designation, KBS now holds 32 Wired Certified assets nationwide.

Properties achieve Wired Certification by meeting WiredScore’s criteria in three categories: connectivity, infrastructure, and readiness. Wired Certified Gold indicates that a property offers access to multiple high-quality Internet service providers as well as in-place infrastructure measures that ensure connectivity sources are protected, redundant, and prepared for the needs of current and future tenants.

“Exceptional connectivity is a must have among office users,” says Giovanni Cordoves, a senior vice president for KBS and asset manager of Northland Center. “By achieving this certification, Northland Center is even more well-positioned to deliver the productive, connected workplace today’s tenants require for stability and growth.”

Northland Center earned its Wired Gold Certification by offering the following attributes:

  • Three high-speed fiber providers, which allow tenants to sign up for primary and back-up Internet connections while also delivering negotiating leverage for monthly service fees.
  • Redundant infrastructure in the form of multiple telecommunications points of entry, enabling tenants to arrange for physically diverse Internet service to mitigate the risk of downtime.
  • Implementation of proper security and protection measures to ensure telecommunications equipment and cabling cannot be disrupted.
  • Capacity within the infrastructure to accommodate emerging technologies and/or connectivity-related requests from tenants.
  • All documentation in place with telecommunications providers to ensure a smooth installation and set-up process for new tenants.
  • Public WiFi available in all common areas.

“KBS stands out as an innovator in the greater Twin Cities office market and clearly demonstrates a commitment to upholding best-in-class connectivity standards,” says Arie Barendrecht, CEO & Founder of WiredScore. “In pursuing Wired Certification, the Northland Center property underwent a comprehensive certification process that evaluated its digital infrastructure and ability to deliver a seamless connectivity experience, ensuring that its tenants are able to stay online and maintain productivity levels at all times.”

In addition to Northland Center, KBS owns Wired Certified assets in the Washington D.C. metro area, New Jersey, Pennsylvania, Texas, and California. Of these buildings, two are Platinum Certified, 14 are Gold Certified, 15 are Silver Certified, and one is Wired Certified. Additional technology-oriented amenities at some KBS properties include EV car-charging stations, energy-management systems, golf simulators, media rooms, outdoor TV areas, security systems, smartphone apps, touchscreen directories, TV lounges and TV viewing rooms.

“Technology is among our top considerations as we acquire and operate best-in-class assets in the epicenter of growth markets,” says Cordoves. “As a leader, we will sustain our focus on connectivity while continuing to deliver the most innovative amenities, services, and workplace designs in the industry.”

Please find photos of Northland Center here.

About KBS

KBS is one of the largest owners of premier commercial real estate in the nation. As a private equity real estate company and an SEC-registered investment adviser, KBS and its affiliated companies have completed transactional activity of approximately $40 billion on behalf of private and institutional investors globally. Founded in 1992 by Peter Bren and Chuck Schreiber, KBS acquires and operates prime commercial real estate in some of the most successful epicenters in the country. The firm is committed in its business ethics, its business relationships and its constant focus on exceeding the expectations of our investors, partners and tenants. For more information on KBS, please visit www.kbs.com.

About WiredScore

WiredScore is the organization behind Wired Certification, the internationally recognized digital connectivity rating system for commercial real estate that helps landlords design and promote their buildings' great digital connectivity to tenants.

Wired Certification champions cutting-edge technology in commercial real estate by providing the only certification for rating the infrastructure, connectivity and technological capacity of commercial buildings. WiredScore launched Wired Certification in 2013 in partnership with Mayor Bloomberg and the City of New York; in October of 2017, an investment group led by Bessemer Venture Partners and Fifth Wall Ventures acquired the company’s majority share.

Since launch, more than 500MM square feet of commercial real estate in more than 2,000 buildings has been Wired Certified globally. International demand for the digital connectivity rating system has seen the company expand operations to the United Kingdom, France, Germany, Canada, Australia, and the Netherlands.

In an increasingly tech-driven economy, connectivity is fast becoming the most critical factor for tenants when selecting office space. The widely recognized Wired Certification seal is a trusted symbol that identifies buildings that have been independently certified to provide the best-in-class connectivity infrastructure that businesses require to thrive. For more information on Wired Certification or to find Wired Certified buildings, visit: http://wiredscore.com/.


Contacts

Media Contacts:
Lexi Astfalk or Jenn Quader
Brower Group
(949) 458-6262
KBS@brower-group.com

Ginny Walker
KBS Public Relations Manager
949-417-6535
gwalker@kbs.com