CBRE recently represented Kin Insurance in a 20,761-square-foot sublease at 55 W. Monroe, where the fast-growing online insurance provider will establish its first Chicago headquarters.
Brad Serot and Tony Coglianese of CBRE represented Kin Insurance in the sublease. The firm is subletting from Snapsheet, a tech-based insurance claims provider, and occupied the space in early January.
Founded in 2016, Kin Insurance provides online quotes for homeowners insurance. Kin’s proprietary technology allows clients to easily customize home insurance policies to fit their budgets and needs. Due to recent rapid growth, the firm sought out opportunities to expand its footprint and establish a new headquarters.
“It’s exciting to have a space that reflects who we are as a company and where we’re going,” Kin’s CEO Sean Harper said. “We look forward to growing our team and seeing what we accomplish next.”
Kin is moving from a shared office, where it had three offices across 3,000 square feet in two separate buildings. The new lease will provide the firm with ample room to grow, ideal space for branding, and the ability to create a more collaborative atmosphere at a much lower price point per square foot.
“This is a great move for Kin Insurance and it will allow the firm to expand at its desired pace, while directing more resources to important operations,” said Serot. “A shared-office solution made sense for the firm as it scaled, but now a traditional office setting will give the firm better options for long-term growth.”
