Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CHICAGO-KBS Real Estate Investment Trust II, based in Newport Beach, CA, has bought the new, 60-story 300 N. LaSalle building here for $655 million, one of the largest commercial real estate transactions in the country this year and the biggest in the city for at least five years. Hines Interests, the developer of the building, was the seller, but will remain the manager of the property.

The 1.3-million-square-foot tower was completed in spring 2009, one of the last office buildings completed in the Chicago following the economic downturn. The building has enjoyed premium status during two years of dropping vacancy downtown, with very little new space on the drawing board.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.