Comprised of two single-story Class A office buildings, Diehl Point at Cantera consists of 88,592 rentable square feet. The buildings are located within a larger complex that includes two Marriott hotels, an AMC 30-screen theater, restaurants, shopping outlets and a fitness center. The property also offers 402 parking spaces.
Diehl Point at Cantera is located within East-West Tollway submarket, part of Chicago’s largest suburban market, and sits on an 8.8-acre site situated just south of the Winfield Road exit on I88 offering direct access to the major highway network serving Chicago.
“We are proud to welcome another great company such as Ametek to our roster at Diehl Point at Cantera,” said Brett Merz, senior vice president at KBS and asset manager for the property. “Diehl Point at Cantera’s convenient location amongst neighboring amenities provide tenants with the space for a great work-life balance.”
Patrick Elwood of CBRE represented Ametek, and Pete Adamo of CBRE represented KBS in the deal.
KBS Realty Advisors is a private equity real estate company and SEC-registered investment adviser founded in 1992. Since its inception, KBS and its affiliate companies have completed transactional activity in excess of $35 billion via 15 separate accounts, six commingled funds, five sovereign wealth funds and seven non-traded REITs. For information, visit www.kbs.com.
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements relating to KBS Realty Advisor’s ability to invest in and manage a diverse portfolio, and the performance of Diehl Point at Cantera and of the Warrenville real estate market. These statements are subject to known and unknown risks, uncertainties and other factors which may cause KBS Realty Advisors and/or Diehl Point at Cantera’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.