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.