KBS Launches Renovation Program at Accenture Tower
KBS broke ground on a $22-million renovation project at Accenture Tower in downtown Chicago. The 1.46-million-square-foot office tower at 500 W. Madison is owned by KBS Real Estate Investment Trust III.
Planned upgrades include a new hospitality-inspired office lobby, conference center with pre-function area and a modern tenant lounge with 19’ ceiling, featuring an outdoor deck.
KBS SVP Dan Park, asset manager for Accenture Tower, said the renovations position the property for long-term growth.
“Companies want to return to the office as quickly and as safely as possible,” said Park. “They are craving environments where they can easily collaborate with their teams in a way that cannot be replicated online. By strategically completing these renovations now, Accenture Tower is positioned to attract these companies over the long-term.”
KBS is working with Leopardo Companies on the planned upgrades. Stream Realty’s Wendy Katz and Matt Lerner handle leasing.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).