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KBS REIT Signs Five Leases Totaling 84,438 SF at IL Office Center

KBS Real Estate Investment Trust, a non-traded real estate investment trust based in Newport Beach, California, signed five leases totaling 84,438 square feet at Woodfield Preserve Office Center in the Chicago suburb of Schaumburg, Illinois. AutoTask Holding and Transamerica Premier Life Insurance Company signed new leases at the property, while McGladrey LLP, New York Life Insurance Company and Congress of Neurosurgeons extended their leases.

Built in 2000 and 2001, Woodfield Preserve Office Center consists of two, six-story, Class A office buildings with 610,462 rentable square feet that are situated on nearly 24 acres of land. The 10 North Martingale building is 304,876 square feet and the 20 North Martingale building is 305,586 square feet. They feature manned security, two delis, a state-of-the-art conferencing facility, fitness center, covered parking and car wash, dry cleaning, laundry, mobile spa and shoe shining services.

In addition to the onsite amenities, Woodfield Preserve is in close proximity to many retail locations and major highways, including I-90, I-355 and I-290. The property is 30 minutes from Chicago’s central business district, and just 10 minutes from Chicago O’Hare International Airport, making business travel convenient for its tenants.

For more KBS related news, visit their directory page, here.