CHICAGO—Many owners of top class A office properties in the north suburbs have had great success in attracting tenants, and not surprisingly, investors have also started to buy up these properties. KBS Realty Advisors of Newport Beach, CA, just acquired Edens Corporate Center in suburban Northbrook, a pair of four-story buildings that the seller renovated extensively over the past several years and subsequently leased up. The price was not disclosed.

The 188,040 square foot property last changed hands in 2012 when The Davis Companies acquired it. Since then, that firm spent more than $2 million on renovations. It added new conference facilities, along with a new tenant lounge and café operated by Once Upon a Bagel, new monument signage, renovated restrooms, and interactive electronic lobby directories. In addition, the property includes an underground heated parking area.

“Edens Corporate Center is in a prime location given its close proximity to Kenilworth, Glencoe, Lake Forest, Highland Park and Winnetka all affluent communities in the suburbs of Chicago where many of our tenants, their employees and prospective employees reside,” says Ken Robertson, central regional president of KBS. “The building not only has an extensive list of amenities, it also provides curb appeal with a convenient commute – major selling points to retain our world-class tenants and attract other high quality companies.”

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Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.