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| Micah Larmie |
The properties, both owned by KBS Growth & Income Real Estate Investment Trust, include 213 W. Institute Place and 210 W. Chicago Ave. in Chicago’s River North submarket.
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| 210 West Chicago Avenue, River North submarket, Chicago, IL |
The buildings represent the second and third KBS-owned
properties that Transwestern will provide asset services for in Chicago, with
the first being Accenture Tower,
owned by KBS Real Estate Investment Trust III, winner of an International TOBY Award.
“KBS has a long history of identifying service providers who can deliver the superior level of quality management and care that our tenants and investors have come to expect from properties in our portfolio,” says Dan Park, asset manager for 213 W. Institute Place and 210 W. Chicago Ave. and senior vice president for KBS.
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| Dan Park |
“Transwestern Real Estate Services has proven itself an
extraordinary management team for Accenture Tower. We are excited to extend
this top service to two more of our iconic office properties in the Chicago
market.”
River North is an affluent mixed-use submarket that continues to attract traditional corporate and creative office tenants as the area has evolved into a prominent location for both young, highly-educated professionals and the city’s premier decision-makers, according to Park.
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| 213 W. Institute Place, River North submarket, Chicago, IL |
“KBS recognizes the value of the River North submarket to offer the walkable amenities that Chicago office users are looking for,” says Park.
“This region of the CBD offers an abundance of restaurants, bars, cafes, lounges and music venues. The ability to maintain a high-quality of life with a walkable urban environment has made River North the pre-eminent location for millennial employees, providing a best-in-class ‘live-work-play’ environment. KBS has been able to leverage these advantages to provide highly desirable office space.”
Throughout the COVID-19 pandemic, the Asset Services group at Accenture Tower has been proactive – swiftly implementing sanitization and distancing protocol in accordance with CDC guidelines, communicating regularly with tenants, and maintaining tenant engagement through socially distant events for occupants who have returned to the office, according to Micah Larmie, Senior Vice President of Transwestern’s Midwest Asset Services Group.
“We are thrilled to have the opportunity to expand our services for KBS and its Chicago office portfolio tenants,” says Larmie. “During the COVID-19 pandemic, our team has been working tirelessly to mitigate concerns and communicate with our tenants, and we will bring the same high level of service to 210 W. Chicago and 213 W. Institute.”
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