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.

 



CONTACT:
Phillip Diment
Communications Manager
Tel: 949.417.6532
pdiment@kbsrealty.com