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LifeSpice Ingredients Signs Office Lease with KBS in River North
KBS signed a 16,995-square-foot long-term lease with LifeSpice Ingredients at 213 W. Institute Pl. in downtown Chicago’s River North neighborhood. The seven-story, 155,385 square-foot office property is owned by KBS Growth & Income Real Estate Investment Trust.
“213 W. Institute Pl. is a unique Chicago asset that offers tenants a great location and a unique combination of contemporary and retro setting,” said Marc DeLuca, Eastern regional president for KBS. “Design and location-wise, it is the kind of building where discerning tenants in this market like LifeSpice Ingredients want to be located.”
Built in 1888, 213 W. Institute Pl. was originally developed for a bicycle manufacturer that eventually became the car company American Motors Corporation. The property is a vintage brick and timber building with modern office construction that features skyline views and natural light.
Scott Sessa of Ameritus represented KBS in the lease, its second in Chicago this month.
- ◦Lease