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Online Insurer Moves from Shared Offices to 55 W. Monroe

CBRE recently represented Kin Insurance in a 20,761-square-foot sublease at John Hancock’s 55 W. Monroe, where the insurance startup will establish its first Chicago headquarters. The firm is subletting from Snapsheet, a tech-based insurance claims provider.

Kin Insurance, which provides online quotes for homeowners insurance, relocated from a shared office where it had three offices across 3,000 square feet in two separate buildings. Due to recent rapid growth, the firm sought out opportunities to expand its footprint and establish a new headquarters.

“This is a great move for Kin Insurance and it will allow the firm to expand at its desired pace, while directing more resources to important operations,” said CBRE’s Brad Serot, who represented the subtenant with CBRE colleague Tony Coglianese.

“A shared-office solution made sense for the firm as it scaled, but now a traditional office setting will give the firm better options for long-term growth,” he added.

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About Paul Bubny

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 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).

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