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KBS Real Estate Investment Trust III completed the refinancing of the 1.5M SF Accenture Tower at 500 W. Madison St. as part of a package of two loans totaling over $800M. 

The refinancing agreement extends Accenture Tower’s loan term to November 2026 with an additional one-year extension option to November 2027, the company said in a release. It increases the total loan commitment from $306M to $322M and provides $16M in additional funds for tenant-related expenses, capital improvements and other property-specific costs.