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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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Gordon Dunne
September 30, 2019

“Always, but especially in this day of lawsuits and ever increasing regulations, the responsibility for a financial advisor t do their own due diligence on products they sell falls squarely on themselves. No one is going to take greater interest in protecting their practice than they are. We use the Blue Vault Partners Nontraded REIT Review to keep us informed of the performance of every single nontraded REIT. Finally, complete transparency is available for advisors using nontraded REITs. Every advisor using REITs in their practice should make the small annual investment of subscribing to Blue Vault’s reporting services.”