The Chicago office of Hines, the international real estate firm, has announced the sale of 300 North LaSalle to KBS Realty Advisors LLC, a Southern California investment firm. Located on the north bank of the Chicago River between the River North district and the Central Business District, the 60-story tower contains 1.5 million ft² (approx. 140,000 m²), and recently was awarded LEED Gold certification from the US Green Building Council.
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300 North LaSalle is currently 96% leased to Kirkland & Ellis LLP.
Financials on the deal were not disclosed. The Chicago office of Holliday Fengolio Fowler (HFF) represented Hines in the transaction, while KBS was self-represented.
Located on the north bank of the Chicago River between the River North district and the Central Business District, the 60-story tower contains 1.5 million ft² (approx. 140,000 m²), and recently was awarded LEED Gold certification from the US Green Building Council.
The glass and steel building was designed by Pickard Chilton and was developed by Hines in 2009. Hines will continue to manage the property. 300 North LaSalle is currently 96% leased to Kirkland & Ellis LLP, the Boston Consulting Group, GTCR Golder Rauner, Quarles & Brady LLP, Aviva USA, and other leading professional and financial services and investment firms.
"Hines is very proud of this development due to its architectural stature, its sustainable design, and most importantly its industry-leading tenants," said Hines Executive Vice President and Midwest Region CEO Kevin Shannahan. "KBS will be a great steward of the building, and this sale enhances our ability to invest in new Chicago projects."
Source: Hines
Located on the north bank of the Chicago River between the River North district and the Central Business District, the 60-story tower contains 1.5 million ft² (approx. 140,000 m²), and recently was awarded LEED Gold certification from the US Green Building Council.
The glass and steel building was designed by Pickard Chilton and was developed by Hines in 2009. Hines will continue to manage the property. 300 North LaSalle is currently 96% leased to Kirkland & Ellis LLP, the Boston Consulting Group, GTCR Golder Rauner, Quarles & Brady LLP, Aviva USA, and other leading professional and financial services and investment firms.
"Hines is very proud of this development due to its architectural stature, its sustainable design, and most importantly its industry-leading tenants," said Hines Executive Vice President and Midwest Region CEO Kevin Shannahan. "KBS will be a great steward of the building, and this sale enhances our ability to invest in new Chicago projects."
Source: Hines
