300 N. LaSalle
300 N LaSalle St, Chicago, IL 60654
On July 29, 2010, KBS REIT II acquired 300 N. LaSalle, a Class A iconic building in Chicago, with a high-quality tenant roster that demanded exceptional property management and building operations.Throughout its ownership, KBS REIT II managed all the options and encumbrances to help tenants expand in the building that was 99% leased at disposition. Success was achieved through KBS REIT II’s overall strategy that supported the brand of 300 N.LaSalle through state-of-the art marketing and strong tenant relationships.
KBS REIT II actively supported the property management team in their pursuit of prominence for the building with respect to LEED2 certification.As a result, 300 N.LaSalle earned the Building of the Year Award for the Earth category from the Building Owners and Managers Association (BOMA).
Investment at a Glance
Location: Chicago, IL
Property Type: Class A Office
Acquisition Date: July 29, 2010
Purchase Price: $655,000,00
Sale Date: July 7, 2014
Sale Price: $850,000,000
No. of Buildings: 1
No. of Stories: 60
Square Footage: 1.3 million SF
Leased Percentage (at the time of Acquisition): 93%