 |
| 213 West Institute Place, a seven-story, 155,385 square-foot office property River North neighborhood downtown Chicago, IL |
CHICAGO, IL – KBS, one of the largest investors in commercial real estate, has signed a 16,995 square-foot long-term lease agreement with LifeSpice Ingredients, a global research, developer and manufacturer of proprietary seasoning blends for the food industry, at 213 West Institute Place, a seven-story, 155,385 square-foot office property in the highly desirable River North neighborhood of downtown Chicago, IL
 |
| Marc DeLuca |
213 West Institute Place is owned by KBS Growth & Income Real Estate Investment Trust. 213 West Institute Place is located at 213 West Institute Place in Chicago, Illinois.
“213 West Institute Place is a unique Chicago asset that offers tenants a great location and a unique combination of contemporary and retro setting,” says Marc DeLuca, Eastern regional president for KBS.
“Design and location-wise, it is the kind of building where discerning tenants in this market like LifeSpice Ingredients want to be located.”
Directly across the river from the Loop, the River North section in which the property is situated is home to dozens of high-end art and design galleries, dining establishments, luxe shops, high-end cocktail bars and nightlife spots.
 |
| Dan Park |
213 West Institute Place is located within steps of Chicago’s elevated train service, several bus stations, Divvy Bike ports, two parks, restaurants, coffee shops, grocery stores, spas, fitness centers and hotels.
“Along with this building’s eye-catching design is its close proximity to shopping and services, dining, hospitality, entertainment and transportation,” says Dan Park, asset manager for 213 West Institute Place and senior vice president of KBS. “It’s the walkability, convenience and visual appeal that so many Chicago office users are seeking.”
 |
| Peter Garvey |
Scott Sessa (ssessa@askameritus.com) of Ameritus represented KBS in the lease transaction.
“The improvements KBS has implemented to 213 West Institute Place have elevated it to a best-in-class brick and timber building that has made a name for itself in downtown Chicago,” says Sessa.
CONTACT:
|
