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| News RELEASE |
Cunningham Lindsey takes 13,857 SF at One Energy Center
Naperville, IL -- November 13, 2003: Cunningham Lindsey, a Toronto, Ontario-based
insurance services firm has signed a new lease for 13,857 sq. ft. at One Energy
Center in Naperville, IL. The 162,560 sq. ft. office property is owned and operated
by investment advisory firm, KBS Realty Advisors (www.kbsrealty.com).
Founded in 1923, Cunningham
Lindsey (www.cunninghamlindsay.com) is a leading independent insurance services
company. The firm specializes in independent policy administration, insurance
claims adjusting, appraisal and loss management services throughout Canada,
the United States, the United Kingdom, Continental Europe, the Far East, the
Middle East and Latin America.
The 60-month lease was negotiated
on behalf of KBS Realty Advisors by Bill Elwood and Pete Adamo of CB Richard
Ellis (www.cbre.com). One Energy Center is a three-story, Class B+ office property
located in Chicago's East/West Corridor. The property is currently approximately
80% leased.
"We are very excited
to accommodate Cunningham Lindsey, who has a long-standing reputation for quality
in the insurance industry," commented KBS Senior Vice President, John Ehli.
"This lease, and others like it, is an indicator of improving market fundamentals
here in Chicago's East/West Corridor submarket."
Headquartered in Newport Beach, CA, KBS Realty Advisors is a premier investment
management firm specializing in real estate investments on behalf of select
private and public pension fund, endowment and foundation partners. Founded
in 1992, KBS has invested in excess of $4.5 billion on behalf of its clients. KBS
specializes in purchasing and repositioning under-performing real estate and
real-estate related assets in the United States.