KBS Breaks Ground on $22 Million Renovation Project for 40-Story Class A Office Tower in Chicago, IL

 

Accenture Tower, a Class A, 40-story, 1.46 million square-foot
office tower in downtown Chicago, IL

 CHICAGO, IL, May 12, 2021 – KBS, one of the largest owners of commercial real estate in the U.S., has broken ground on a $22 million renovation project at Accenture Tower, a Class A, 40-story, 1.46 million square-foot office tower in downtown Chicago, Illinois.

  Accenture Tower is owned by KBS Real Estate Investment Trust III.

 

Wendy Katz 

Wendy Katz and Matt Lerner of Stream Realty are handling leasing services for Accenture Tower on behalf of KBS.

 KBS is working with Leopardo Companies on the planned upgrades.

 Planned upgrades include a new hospitality-inspired office lobby, conference center with pre-function area, a modern tenant lounge with 19’ ceiling, featuring an outdoor deck with a variety of seating options, fire pit, fully functional bar, and more designed by Chicago-based GREC Architects.

Matt Lerner

According to Dan Park, senior vice president at KBS and asset manager for Accenture Tower, these renovations strategically align with today’s top office users in the Chicago market and position the property for long-term growth.

 “Accenture Tower is located in one of the most resilient central business districts in the country, with high-end amenities that offer a one-of-a-kind tenant experience in the market,” says Park.

Dan Park

“The new upgrades will make an already iconic property even more appealing for companies as they return to their workspaces.”

 In addition to the building upgrades, KBS is continuing its signature spec suite program by adding 90,000 square feet of new and progressive spec suites, which involves building out tenant suites without a committed tenant.

David A. Ervin

   The planned renovations will further elevate Accenture Tower’s position as one of the most desirable high-rise buildings to occupy space in the downtown Chicago market, according to David A. Ervin, managing principle of GREC, architect for the renovation project.

 “Accenture Tower is already on Downtown Chicago office users’ short list of buildings where they want to be located,” says Ervin.

 “The upgrades we have designed will make this property even more compelling as companies seek superior office space that helps them attract and retain talent to remain competitive in their industries.”

Bill Stephan

 Built in 1987, Accenture Tower is a Class A LEED Gold-certified building that has earned The Outstanding Building of the Year (TOBY) Award Internationally by The Building Owner and Managers Association. 

“KBS is creating an entirely new setting at Accenture Tower,” says Bill Stephan, vice president of Leopardo. “With a new garden-like outdoor deck with a variety of seating areas surrounded by lush landscaping, and a stunning new lobby, the building will be one of the most attractive and flexible workspaces in the Downtown Chicago marketplace.”

CONTACT:

  Katie Haga

 khaga@brower-group.com

 www.kbs.com.