KBS REIT III Signs 15,000 SF in Leases at 500 West Madison in Chicago

February 10, 2016

Feb 09 2016 | Article by: The DI Wire

KBS Real Estate Investment Trust III, a publicly registered non-traded REIT, signed two leases totaling 14,817 square feet at 500 West Madison, Chicago’s largest Class A, LEED Gold-certified tower.

TalentSprout by Sykes Enterprises renewed and expanded a 10,425-square-foot lease, and OpenMarkets signed a new 4,392-square-foot lease.

As reported by The DI Wire, the property was originally acquired by the REIT in December 2013 for $425 million.

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Gil Armour, CFP
February 3, 2016

I have been using Blue Vault Partners for the past five years.  I have found them to be a valuable, unbiased resource when it comes to evaluating and comparing non-traded REITs.  The reports help me analyze which sponsors are doing a responsible job of managing their offerings.  This allows me to limit my REIT recommendations to only the most competitive products, and then track those REITs throughout their life cycle.