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Press Releases

KBS Asset Earns ‘The Outstanding Building of the Year’ (TOBY) Award for Excellence in Property Management; 188,040 Square-Foot, Class A Office Plaza in Chicago, Illinois

  • January 26, 2021
Press Releases

KBS Asset Earns ‘The Outstanding Building of the Year’ (TOBY) Award for Excellence in Property Management; 188,040 Square-Foot, Class A Office Plaza in Chicago, Illinois

  • January 26, 2021
Award demonstrates pride of ownership and successful management strategies in a year marked by the COVID-19 pandemic

KBS, one of the largest investors in premier commercial real estate in the nation, announced today that one of its client portfolio properties, a 188,040 square-foot Class A office plaza in Northbrook, Illinois, a suburb of Chicago, has earned The Outstanding Building of the Year (TOBY) Award in 2020 for excellence in property management from BOMA Suburban Chicago for the fourth time since 2013. The asset, Edens Corporate Center, is managed by Elizabeth O’Connor, Lynn Zbierski and Rudy Ricardo of NAI Hiffman. The TOBY Awards are the commercial real estate industry’s highest recognition honoring excellence in building management and operations.

Edens Corporate Center has long been recognized as an outstanding office property in the suburban Chicago market that consistently attracts today’s top tenants, according to Dan Park, asset manager for the property and senior vice president for KBS.

“KBS’ diligent oversight, combined with the superior property management skills of the NAI Hiffman team, have consistently placed Edens Corporate Center on the short list of the most desirable office properties for tenants seeking space in the suburban Chicago market,” says Park. “It is no surprise that this asset is yet again receiving such positive accolades from BOMA Suburban Chicago.”

According to Elizabeth O’Connor, senior property manager at NAI Hiffman, KBS has worked with NAI Hiffman to manage and lease the Edens complex since the company purchased the building in 2015, maintaining high occupancy and tenant satisfaction rates throughout the tenure.

“KBS has demonstrated pride of ownership by proactively supporting renovations and upgrades to improve the building experience for tenants and visitors, and to bolster leasing efforts,” says Carrie Szarzynski, Director of Management Services at NAI Hiffman. “The Hiffman team has worked tirelessly on behalf of KBS to elevate the property to cement its status as one of the premier office facilities in the Chicago suburbs. It has been integral in executing those plans and ensuring seamless, high-quality day-to-day building maintenance and operations. Additionally, the team maintained its robust schedule of activities and ramped up communication efforts and building best practices to address and meet the unique challenges of 2020.”

KBS’ recent improvement to Edens Corporate Center include newly renovated common areas, an outdoor patio, a bike-share program, a yoga facility, a grab-n-go dining area and much more.

Edens Corporate Center is composed of two, four-story buildings situated on an 8-acre Northbrook campus. Tenant amenities include underground parking, a tenant lounge, and conference and training facilities. The property is located less than 30 miles from downtown Chicago, just west of Skokie Boulevard, and less than a quarter mile from I-94.

Edens Corporate Center is located at 630-650 Dundee Road in Northbrook, Illinois.

Media Contact

Lexi Astfalk or Jenn Quader

Brower Group
(949) 438-6262
KBS@brower-group.com

Ginny Walker

Public Relations Manager for KBS
949-417-6535
gwalker@kbs.com

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Industry Trends

Underwriting the Perceived Instability of Short-Term Office Leases

  • February 16, 2021
The threat of shorter office lease terms has been looming over the commercial real estate industry for several years. Companies first braced for the potential impact of new standards from the International Accounting Standards Board (IASB) recognizing all leases on the balance sheet, which took effect in January 2019. Then, the office leasing world was hit with additional challenges from COVID-19 as many companies opted to work from home and re-evaluated the role of their physical office space.
Industry Trends Insights

Envisioning the Future of the Built Environment

  • January 29, 2021
Amidst the ongoing crisis, built environments are at the front lines of change and will play a huge role in creating a more resilient world going forward. Office architects are re-envisioning the future of the workplace—where and how we work. Unfortunately, there is no crystal ball to predict exactly what the new future-oriented office will look like, but what we do know is flexibility and adaptability will be key in resilient design.
Industry Trends

Why Texas is becoming a commercial real estate powerhouse

  • January 21, 2021
It looks like 2021 will be another big year for Texas, a year when a lot of major companies will make the jump and move to the Lone Star state. Just look at these transitions:
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