Document:

TRANSITIONAL SERVICES AGREEMENT

 Exhibit 10.1 
 TRANSITIONAL SERVICES AGREEMENT 
 THIS TRANSITIONAL SERVICES AGREEMENT
(this “Agreement”), dated as of July 1, 2012 (the “Commencement Date”) is made and entered into among CHAMBERS STREET PROPERTIES, a Maryland real estate investment trust (the “Company”), CSP OPERATING PARTNERSHIP,
LP, a Delaware limited partnership (the “Operating Partnership”), and CBRE ADVISORS LLC, a Delaware limited liability company (“CBRE”). 
 W I T N E S S E T H 
 WHEREAS, the Company has elected to be taxed as a REIT (as
defined below), and to invest its funds in investments permitted by the terms of the Company’s Declaration of Trust (as defined herein) and Sections 856 through 860 of the Code (as defined below); 

WHEREAS, the Company is the general partner of the Operating Partnership and intends to conduct all of its business and make all
investments through the Operating Partnership; 
 WHEREAS, CBRE is the former advisor of the Company; 

WHEREAS, the Company is now self-managed as result of its hiring of personnel to direct and perform the day-to-day business affairs of
the Company; 
 WHEREAS, the Company and the Operating Partnership desire to avail themselves of the experience, sources of
information and advice of CBRE and to have CBRE undertake the services hereinafter set forth, at the request and subject to the supervision of the Company all as provided herein; 

WHEREAS, CBRE is willing to undertake to render such services upon the request and subject to the supervision of the Company, on the
terms and conditions hereinafter set forth; and 
 WHEREAS, the parties hereto were party to a Fourth Amended and Restated
Advisory Agreement (the “Advisory Agreement”) effective as of May 1, 2012, which agreement has now terminated, and remain party to a Transition to Self-Management Agreement (the “Transition Agreement”), dated as of
April 26, 2012; 
 NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements contained
herein, the parties hereto agree as follows: 
 1. Definitions. As used in this Agreement, the following terms have the
definitions hereinafter indicated: 
 Acquisition Expenses. As such term is defined in the Declaration of Trust.

 Acquisition Consulting Fee. The Acquisition Consulting Fee payable to CBRE or its Affiliates as set forth in
Section 4(b). 
 Affiliate or Affiliated. As such term is defined in the Declaration of Trust. 

 Bankruptcy. With respect to any Person, (a) the filing by such Person of a
voluntary petition seeking liquidation, reorganization, arrangement or readjustment, in any form, of its debts under Title 11 of the United States Code or any other federal, state or foreign insolvency law, or such Person’s filing an answer
consenting to or acquiescing in any such petition, (b) the making by such Person of any assignment for the benefit of its creditors, (c) the expiration of sixty (60) days after the filing of an involuntary petition under Title 11 of
the Unites States Code, an application for the appointment of a receiver for a material portion of the assets of such Person, or an involuntary petition seeking liquidation, reorganization, arrangement or readjustment of its debts under any other
federal, state or foreign insolvency law, provided that the same shall not have been vacated, set aside or stayed within such 60-day period, (d) the entry against it of a final and non-appealable order for relief under any bankruptcy,
insolvency or similar law now or hereinafter in effect, (e) the attachment or other judicial seizure of all or substantially all of its assets, which remains pending, (f) its acknowledgement in writing of its inability to pay its debts as
they come due, (g) its entry into an offer of settlement, extension or composition to its creditors generally, (h) its taking any action for the purpose of effecting any of the foregoing, or (i) a determination by the Board, in its
reasonable discretion, that such Person is bankrupt, insolvent or otherwise unable to pay its debts as they come due. 

Board of Trustees or Board. The persons holding such office, as of any particular time, under the Declaration of Trust of the
Company, whether they be the Trustees named therein or additional or successor Trustees. 
 Bylaws. The Amended and
Restated Bylaws of the Company, as amended from time to time. 
 Cause. With respect to the termination of this
Agreement, (i) fraud, criminal conduct, willful misconduct or willful or negligent breach of fiduciary duty by CBRE or (ii) a material breach of this Agreement by CBRE which remains uncured after 30 days’ written notice. 

CBRE. As such term is defined in the preamble of this Agreement. 

CBRE Indemnified Persons. As such term is defined in Section 20 of this Agreement. 

Code. Internal Revenue Code of 1986, as amended from time to time, or any successor statute thereto. Reference to any provision of
the Code shall mean such provision as in effect from time to time, as the same may be amended, and any successor provision thereto, as interpreted by any applicable regulations as in effect from time to time. 

Commencement Date. As such term is defined in the preamble of this Agreement. 

Company. As such term is defined in the preamble of this Agreement. 

Competitive Real Estate Commission. As such term is defined in the Declaration of Trust. 

Contract Purchase Price. As such term is defined in the Declaration of Trust. 

Declaration of Trust. The Second Amended and Restated Declaration of Trust of the Company under Title 8 of the Corporations and
Associations Article of the Annotated Code of Maryland, as amended from time to time. 

  
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 GAAP. Generally accepted accounting principles as in effect in the United States of
America from time to time. 
 Independent Trustee. As such term is defined in the Declaration of Trust. 

IM Consulting Fee. The IM Consulting Fee payable to CBRE as defined in Section 4(a). 

Joint Ventures. As such term is defined in the Declaration of Trust. 

License Agreement. The license agreement between CB Richard Ellis, Inc., CB Richard Ellis of California, Inc. and the Company dated as of
July 19, 2005. 
 Mortgage. As such term is defined in the Declaration of Trust. 

Net Operating Income. Equal to (i) revenues from Properties, less deferred rents receivable, calculated, in each case, in
accordance with GAAP, plus (ii) payments received pursuant to master lease agreements with sellers of Properties, less (iii) the costs of maintaining the Properties, including, without limitation, taxes, insurance, repairs and maintenance,
but excluding depreciation, amortization, principal and interest payments, and capital expenditures, calculated, in each case, in accordance with GAAP. 
 Operating Expenses. All costs and expenses of every character paid or incurred by the Company as determined under generally accepted accounting principles, that are in any way related to the
operation of the Company or to Company business, including advisory fees, but excluding (i) the expenses of raising capital such as Organization and Offering Expenses, legal, audit, accounting, underwriting, brokerage, listing, registration,
and other fees, printing and other such expenses and tax incurred in connection with the issuance, distribution, transfer, registration and listing of the Shares, (ii) interest payments, (iii) taxes, (iv) non-cash expenditures such as
depreciation, amortization and bad debt reserves, (v) Acquisition Expenses, (vi) real estate commissions on the Sale of Property, and (vii) other fees and expenses connected with the acquisition and disposition of real estate
interests, mortgage loans or other property. 
 Operating Partnership. As such term is defined in the preamble of this
Agreement. 
 Organizational and Offering Expenses. As such term is defined in the Declaration of Trust. 

Person. As such term is defined in the Declaration of Trust. 

Property or Properties. As such term is defined in the Declaration of Trust. 

Property Management, Leasing and Construction Fees. The Property Management, Leasing and Construction Fees payable to CBRE or its
Affiliates as set forth in Section 4(c). 
 Real Estate Commission Fee on Sale of Property. The Real Estate
Commission Fees on Sale of Property payable to CBRE or its Affiliates as set forth in Section 4(d). 
 REIT. A real
estate investment trust under Section 856 of the Code. 

  
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 Sale or Sales. As such term is defined in the Declaration of Trust. 

Securities. As such term is defined in the Declaration of Trust. 

Shared Office Space. An agreed-upon area of CBRE Global Investors’ office space on the 29th floor of 515 South Flower Street,
Los Angeles, California 90071. 
 Shareholders. The record holders of the Company’s Shares. 

Shares. Any of the Company’s shares of beneficial interest of any class or series, including the common shares. 

Targeted Personnel. The 14 employees of the Advisor or its Affiliates based in the Advisor’s offices in Princeton, New Jersey
on the date of the Advisory Agreement. 
 Termination Date. The date of termination of the Agreement. 

Trustee. A member of the Board of Trustees of the Company. 

2. Appointment. Each of the Company and the Operating Partnership hereby retains CBRE to provide consulting services to them on
the terms and conditions set forth in this Agreement, and CBRE hereby accepts such appointment. Each of the Company and the Operating Partnership agree that this appointment does not render CBRE to be the Advisor (as that term is defined in the
Declaration of Trust) to the Company because, among other reasons, the Company’s employees are the persons responsible for directing and performing the day-to-day business affairs of the Company. 

3. Duties of CBRE. As requested by the Company and under the supervision of the Targeted Personnel who have been hired by the
Company, CBRE, either directly or by engaging an Affiliate, shall provide consulting, support and transitional services to the Company including: 
 (a) consulting in connection with the Company’s efforts to identify potential investment opportunities consistent with the investment objectives and plans of the Company; 

(b) consulting with respect to various administrative functions and agreed-upon IT services of the Company; 

(c) assisting with the maintenance and preservation of the books and records of the Company, including share books and records reflecting
a record of Shareholders and their ownership of the Company uncertificated shares; 
 (d) consulting with respect to financings,
leases and other contracts; 
 (e) assisting with the provision of accounting and other record keeping functions for the Company
and Operating Partnership, including assisting with the Company’s compliance with its obligations under applicable securities laws; 

  
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 (f) providing reports concerning the value of investments or contemplated investments of the
Company in Properties; 
 (g) providing investor relations and shareholder support consistent with the support provided to the
Company under the Advisory Agreement; 
 (h) assisting with the transition of the foregoing services and all other services
provided to the Company directly or indirectly by CBRE under the Advisory Agreement; and 
 (i) providing such other consulting
and support services as are reasonably requested by the Company to assist the Company in completing its transition to self management. 
 Notwithstanding the foregoing, CBRE is under no obligation to provide transfer agent support services of the nature currently provided to the Company by CNL Fund Management Company and its Affiliates.
CBRE may delegate any of the foregoing duties to any Person so long as CBRE or any Affiliate remains responsible for the performance of such duties. 
 4. Fees. 
 (a) IM Consulting Fee. CBRE shall be paid as compensation
for the consultation services rendered to the Company hereunder an investment management consulting fee (the “IM Consulting Fee”). The IM Consulting Fee shall be payable in cash. Except for the additional amounts provided for in paragraph
(e) below, the IM Consulting Fee will consist of (i) a monthly fee equal to one twelfth of 0.5% of the aggregate cost (before non-cash reserves and depreciation) of all real estate investments within the Company’s portfolio and
(ii) a monthly fee equal to 5.0% of the aggregate monthly Net Operating Income derived from all real estate investments within the Company’s portfolio. The IM Consulting Fee shall be calculated monthly in a manner consistent with the
calculation of the Investment Management Fee pursuant to the Advisory Agreement, and the IM Consulting Fee calculated with respect to each month shall be payable monthly in arrears within ten days from the end of each calendar month. 

(b) Acquisition Consulting Fees. (i) CBRE or its Affiliates shall receive as compensation for consultation services rendered
in connection with the investigation, selection and acquisition (by purchase, investment or exchange) of Property an Acquisition Consulting Fee payable by the Company. CBRE or its Affiliates shall be paid up to 1.5% of (x) the Contract Purchase
Price of Property acquired by the Company, including any debt attributable to such investments, or (y) when the Company makes an investment indirectly through another entity, such investment’s pro rata share of the gross asset value of
Property held by that entity. However, the total of all Acquisition Consulting Fees and Acquisition Expenses payable with respect to any Property or Properties shall not exceed an amount equal to 6% of the Contract Purchase Price, or in the case of
a Mortgage, 6% of the funds advanced, provided, however, that a majority of the Board of Trustees (including a majority of the Independent Trustees) not otherwise interested in the transaction may approve fees and expenses in excess of this
limit if they determine the transaction to be commercially competitive, fair and reasonable to the Company. 
 (ii) Upon the
Termination Date, CBRE shall present a list to the Company of all the unacquired Properties for which CBRE has performed substantial services on behalf of the Company in connection with the identification and possible acquisition of such Property.
The Company shall 

  
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notify CBRE of any Property that the Company objects to being included on the list within 10 days of its receipt of the list from CBRE. If the Company objects to any Property’s inclusion on
the list, then the parties shall attempt in good faith to promptly resolve such objections. Any Property that the Company does not object to or that, following an objection, the Company agrees is properly included on the list shall be a Qualifying
Property. Any Property that is the subject of an unresolved objection by the Company shall be a Disputed Property. Should any Qualifying Property be acquired by the Company within nine (9) months of the Termination Date (the “Tail
Period”), the Company shall pay an Acquisition Consulting Fee equal to 0.75% of (x) the Contract Purchase Price, including any debt attributable to such investment, or (y) when the Company makes an investment indirectly through
another entity, such investment’s pro rata share of the gross asset value of Property held by that entity. If the Company acquires a Disputed Property during the Tail Period, then the parties shall submit the dispute as to whether the Property
should be properly included as a Qualified Property (the “Dispute”) and such Dispute shall be submitted to arbitration administered by the American Arbitration Association (“AAA”) under its Commercial Arbitration Rules before one
AAA arbitrator in New York, NY. 
 (c) Property Management, Leasing and Construction Fees. To the extent the Company
retains CBRE or its Affiliates to provide property management, leasing or construction services with respect to a Property, CBRE or its Affiliates, as applicable, shall receive as compensation for any such services rendered with respect to such
Property, Property Management, Leasing and Construction Fees based upon the customary property management, leasing and construction supervision fees applicable to the geographic location and type of a Property. Such fees for each service provided
shall range from 2% to 5% of gross revenues received from a Property the Company owns. 
 (d) Real Estate Commission Fee on
Sale of Property. The Company shall pay CBRE or its Affiliates a Real Estate Commission Fee upon Sale of one or more Properties, in an amount equal to the lesser of (i) one-half of the Competitive Real Estate Commission, or (ii) 3% of
the sales price of such Property or Properties. Payment of such fee may be made only if CBRE or its Affiliates provides a substantial amount of services in connection with the Sale of Property or Properties. In addition, the amount paid when added
to all other real estate commissions paid to unaffiliated parties in connection with such Sale shall not exceed the lesser of the Competitive Real Estate Commission or an amount equal to 6% of the sales price of such Property or Properties.
Notwithstanding the provisions of this Section 4(d), no compensation shall be paid to CBRE or its Affiliates pursuant to this Section 4(d) with respect to any transaction for which CBRE or its Affiliates are paid fees pursuant to
Section 8 of the Transition Agreement. 
 (e) Adjustment. Notwithstanding the foregoing, to the extent the Company
assumes or incurs prior to the termination of this Agreement a cost that was previously borne by the Advisor during the term of the Advisory Agreement or its predecessor agreement (such as the Company’s hiring of any remaining Targeted
Personnel, assuming lease obligations, etc.) (all such costs are referred to herein as “Assumed Costs”), then amounts otherwise owed under this Section 4 shall be correspondingly reduced on a monthly basis; provided that (i) any
Assumed Costs resulting from hiring of any Targeted Personnel shall reduce the amounts payable by the Company under this Section 4 for such month only to the extent of their base salary and benefits (as in effect immediately prior to their
hiring by the Company) and any related other direct employer costs (but excluding any bonus amounts) earned or incurred during the month; and (ii) with respect to 

  
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any increases in any Assumed Costs after their assumption, the amount of such increases shall not reduce the amounts payable by the Company under this Section 4. 

5. Expenses. 
 (a) In addition to the compensation paid to CBRE pursuant to Section 5 hereof, the Company shall pay directly or reimburse CBRE for all of the expenses paid or incurred by CBRE in connection with the
services it provides to the Company pursuant to this Agreement, including, but not limited to: 
 (i) the annual cost of goods
and materials used by the Company; 
 (ii) personnel costs; and 

(iii) Acquisition Expenses, disposition expenses, financing expenses, and Operating Expenses. 

Consistent with current practice, CBRE acknowledges that it shall be responsible for the payment of custodial fees to Community National
Bank and shall not be entitled to reimbursement thereof. 
 Notwithstanding the foregoing, CBRE shall obtain the Company’s
written approval prior to incurring any third party expenses for the account of, or reimbursable by, the Company. 
 (b)
Expenses incurred by CBRE on behalf of the Company and payable pursuant to this Section 5 shall be reimbursed no less than monthly to CBRE; provided, however, that with respect to reimbursements under clause 5(a)(ii), the Company’s only
obligation shall be to make an aggregate payment equal to $2.5 million in cash due on the effective date of this Agreement. Other than the expenses contemplated by clause 5(a)(ii), CBRE shall deliver a statement within 20 days of the end of any
calendar month documenting the expenses of the Company during such month which are to be reimbursed pursuant to this Section 5 and shall also deliver such statement to the Company within 20 days of the Termination Date. 

(c) Notwithstanding the foregoing provisions of this Section 5, the Company’s obligation to reimburse the Advisor for expenses
pursuant to this Section 5 (other than with respect to the $2.5 million reimbursement relating to clause 5(a)(ii)) shall be done in accordance with and limited by actual past practice during the term of the Advisory Agreement. 

6. Other Activities of CBRE. Nothing herein contained shall prevent CBRE or any of its Affiliates from engaging in or earnings
fees from other activities, including, without limitation, the rendering of advice to other Persons (including other REITs) and the management of other programs advised, sponsored or organized by CBRE or its Affiliates; nor shall this Agreement
limit or restrict the right of any director, officer, employee, or stockholder of CBRE or its Affiliates to engage in or earn fees from any other business or to render services of any kind to any other partnership, corporation, firm, individual,
trust or association. CBRE may, with respect to any investment in which the Company is a participant, also render advice and service to each and every other participant therein. 

  
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 7. Relationship of CBRE and Company. The Company and CBRE are not partners or joint
venturers with each other, and nothing in this Agreement shall be construed to make them such partners or joint venturers or impose any liability as such on either of them. 
 8. Term. This Agreement shall continue in force until April 30, 2013. Notwithstanding the foregoing, this Agreement may be terminated (i) by the Company for Cause or (ii) by CBRE for
a material breach of this Agreement by the Company which remains uncured after 10 days’ written notice or the bankruptcy of the Company. 
 9. Assignment to an Affiliate. This Agreement may be assigned by CBRE to an Affiliate with the approval of the Company. CBRE may assign any rights to receive fees or other payments under this
Agreement without obtaining the approval of the Company. This Agreement shall not be assigned by the Company without the consent of CBRE, except in the case of an assignment by the Company to a corporation or other organization which is a successor
to all of the assets, rights and obligations of the Company, in which case such successor organization shall be bound hereunder and by the terms of said assignment in the same manner as the Company is bound by this Agreement. 

10. Payments to and Duties of CBRE upon Termination. (a) CBRE shall be entitled to receive from the Company within 30 days
after the Termination Date all unpaid reimbursements of expenses and all unpaid fees payable to CBRE. 
 (b) CBRE shall promptly
upon termination: 
 (i) pay over to the Company all money collected and held for the account of the Company pursuant to this
Agreement, after deducting any accrued compensation and reimbursement for its expenses to which it is then entitled; 
 (ii)
deliver to the Company a full accounting, including a statement showing all payments collected by it and a statement of all money held by it, covering the period following the date of the last accounting furnished to the Company; and 

(iii) deliver to the Company all assets and documents of the Company then in the custody of CBRE. 

11. Notices. Any notice, report or other communication required or permitted to be given hereunder shall be in writing unless some
other method of giving such notice, report or other communication is required by the Declaration of Trust, the Bylaws, or accepted by the party to whom it is given, and shall be given by being delivered by hand or by overnight mail or other
overnight delivery service to the addresses set forth herein: 
  

			
	 To the Board, the Company and

the Operating Partnership:
	 	 Chambers Street Properties

47 Hulfish Street, Suite 210
 Princeton, NJ
08542

		
	To CBRE:	 	 CBRE Advisors LLC
 515 South
Flower Street, Suite 3100
 Los Angeles, California 90071
 Attn: General Counsel

  
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 Either party may at any time give notice in writing to the other party of a change in its
address for the purposes of this Section 11. 
 12. Modification. This Agreement shall not be changed, modified,
terminated, or discharged, in whole or in part, except by an instrument in writing signed by both parties hereto, or their respective successors or assignees. 
 13. Severability. The provisions of this Agreement are independent of and severable from each other, and no provision shall be affected or rendered invalid or unenforceable by virtue of the fact
that for any reason any other or others of them may be invalid or unenforceable in whole or in part. 
 14. Construction.
The provisions of this Agreement shall be construed and interpreted in accordance with the laws of the State of New York, notwithstanding any New York or other conflict-of-law provisions to the contrary. The parties have participated jointly in the
drafting of this Agreement, and each party was represented by counsel in the negotiation of this Agreement. In the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the
parties and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any of the provisions of this Agreement. 
 15. Entire Agreement. This Agreement and the Transition Agreement (and the other agreements referenced in the Transition Agreement) contain the entire agreement and understanding among the parties
hereto with respect to the subject matter hereof, and supersede all prior and contemporaneous agreements, understandings, inducements and conditions, express or implied, oral or written, of any nature whatsoever with respect to the subject matter
hereof. The express terms hereof control and supersede any course of performance and/or usage of the trade inconsistent with any of the terms hereof. This Agreement may not be modified or amended other than by an agreement in writing. 

16. Indulgences, not Waivers. Neither the failure nor any delay on the part of a party to exercise any right, remedy, power or
privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege preclude any other or further exercise of the same or of any other right, remedy, power or privilege,
nor shall any waiver of any right, remedy, power or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence. No waiver shall be effective unless it is in
writing and is signed by the party asserted to have granted such waiver. 
 17. Gender. Words used herein regardless of
the number and gender specifically used, shall be deemed and construed to include any other number, singular or plural, and any other gender, masculine, feminine or neuter, as the context requires. 

  
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 18. Titles not to Affect Interpretation. The titles of paragraphs and subparagraphs
contained in this Agreement are for convenience only, and they neither form a part of this Agreement nor are they to be used in the construction or interpretation hereof. 
 19. Execution in Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original as against any party whose signature appears thereon,
and all of which shall together constitute one and the same instrument. This Agreement shall become binding when one or more counterparts hereof, individually or taken together, shall bear the signatures of all of the parties reflected hereon as the
signatories. 
 20. Occupancy and Confidentiality. (a) Certain agreed-upon employees of the Company shall have the
right, for no fee or expense reimbursement, to occupy the Shared Office Space and utilize agreed-upon IT services related thereto until the earlier of (i) the availability for occupancy of the Company’s separate office space in Los Angeles
for its Los Angeles-based employees and (ii) 11:59 p.m. PDT on September 30, 2012; provided that the Company hereby agrees to use its commercially reasonable best efforts to have such separate office space ready for occupancy as
soon as practicable after the date hereof; provided further that the Company understands and agrees none of CBRE or any of its Affiliates, or any directors, officers, employees or agents of any of them (collectively, the “CBRE
Indemnified Persons”), shall have any liability to the Company or its employees arising out of or relating to their use or occupation of such Shared Office Space or IT services. The Company hereby agrees to indemnify and hold harmless the CBRE
Indemnified Persons for any and all liability incurred by them arising out of or relating to the Company’s or its employees’ use or occupation of the Shared Office Space or IT services. In addition, the Company agrees to cause its
employees who use and occupy such Shared Office Space and IT services to abide by CBRE Global Investors’ stipulated rules relating thereto (a copy of which has been provided by CBRE to the Company) and shall be liable for any breach by them of
such rules. 
 (b) The Company and its employees who occupy or use the Shared Office Space or agreed-upon IT services may come
into contact with information relating to CBRE Global Investors business and operations during their use of the Shared Office Space and IT Services. All such information (whether oral or written, and irrespective of whether marked as private or
proprietary) shall be deemed confidential, and the Company shall hold such information in strict confidence and not disclose it to any other person. The Company may not use such information for any purpose and may not take physical possession of
such information. All such information is the exclusive property of CBRE and its Affiliates. The Company understands that federal and state securities laws prohibit any person who has material, non-public information about a company from purchasing
or selling securities of such company or from communicating such information to any other person under circumstances in which it is reasonably foreseeable that such person is likely to purchase or sell securities, and the Company will advise its
employees of the same. The Company shall be liable for any breach by its employees of the obligations in this Section 20(b). CBRE shall be entitled to seek specific performance with respect to any breach of this Section 20(b). 

21. Survival. The provisions of Sections 1, 4(b)(ii), 5, 10 through 18 and 20 through 22 shall survive termination of this
Agreement. 

  
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 22. License Agreement. (a) Pursuant to Section 7(B) of the License
Agreement, and as a result of and upon the termination of the Advisory Agreement, the Company understands and agrees that the License Agreement is terminated and all of the Company’s rights in the name “CB Richard Ellis,”
“CBRE” and their derivatives hereby revert to CBRE, Inc. 
 (b) Pursuant to Section 8 of the License Agreement,
the Company hereby assigns to CBRE, Inc. all of its right, title and interest, if any, in and to the name “CB Richard Ellis,” “CBRE” and their derivatives. 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Transitional Services Agreement as
of the date and year first above written. 
  

			
	CHAMBERS STREET PROPERTIES
		
	By:	 	/s/ Charles E. Black
	Name:	 	Charles E. Black
	Title:	 	 Chairman of the Special Committee
 of the Board of Directors

  

			
	CSP OPERATING PARTNERSHIP, LP
		
	By:	 	/s/ Jack A. Cuneo
	Name:	 	Jack A. Cuneo
	Title:	 	President and Chief Executive Officer

  

			
	CBRE ADVISORS LLC
		
	By:	 	CBRE GLOBAL INVESTORS, LLC, its sole managing member
		
	By:	 	/s/ Pasha Zargarof
	Name:	 	Pasha Zargarof
	Title:	 	Authorized Signatory

  
 - 12 -INDEMNIFICATION AGREEMENT WITH LOUIS P. SALVATORE

 Exhibit 10.2 
 CHAMBERS STREET PROPERTIES 
 INDEMNIFICATION AGREEMENT 

This INDEMNIFICATION AGREEMENT (the “Agreement”) is made and entered into on July 3, 2012 by and between Chambers
Street Properties, a Maryland real estate investment trust (the “Trust”), and Louis P. Salvatore (the “Indemnitee”). 
 WHEREAS, it is essential that the Trust be able to retain and attract as trustees and officers the most capable persons available; 
 WHEREAS, the Trust’s Third Amended and Restated Bylaws, as amended from time to time (the “Bylaws”) permit it to enter into indemnification arrangements and agreements; 

WHEREAS, the Trust desires to provide the Indemnitee with specific contractual assurances of the Indemnitee’s rights to full
indemnification against litigation risks and expenses (regardless, among other things, of any amendment to or revocation of the Trust’s Bylaws or any change in the ownership of the Trust or the composition of its Board of Trustees) and, to the
extent insurance is available, the coverage of the Indemnitee under the Trust’s trustees and officers liability insurance policies; and 
 WHEREAS, the Indemnitee is relying upon the rights afforded under this Agreement in accepting Indemnitee’s position as a trustee or officer of the Trust. 

NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the Trust and Indemnitee do hereby covenant and
agree as follows: 
 1. Definitions. 
 (a) “Entity” shall mean any corporation, partnership, limited liability company, joint venture, trust, foundation, association, organization or other legal entity and any group or
division of the Trust or any of its subsidiaries. 
 (b) “Expenses” shall mean all fees, costs and expenses
incurred by the Indemnitee in connection with any Proceeding (as defined below), including, without limitation, attorneys’ fees, disbursements and retainers (including, without limitation, any such fees, disbursements and retainers incurred by
Indemnitee pursuant to Section 13 of this Agreement), fees and disbursements of expert witnesses, private investigators and professional advisors (including, without limitation, accountants), court costs, transcript costs, fees of experts,
travel expenses, duplicating, printing and binding costs, telephone and fax transmission charges, postage, delivery services, secretarial services, and other disbursements and expenses. 

(c) “Indemnifiable Expenses,” “Indemnifiable Liabilities” and “Indemnifiable Amounts”
shall have the meanings ascribed to those terms in Section 4 below. 
 (d) “Liabilities” shall mean
judgments, damages, liabilities, losses, penalties, excise taxes, fines and amounts paid in settlement. 

 (e) “Proceeding” shall mean any threatened, pending or completed claim,
action, suit, arbitration, alternate dispute resolution process, investigation, administrative hearing, appeal, or any other proceeding, whether civil, criminal, administrative or investigative, whether formal or informal, including a proceeding
initiated by Indemnitee pursuant to Section 13 of this Agreement to enforce Indemnitee’s rights hereunder. 
 (f)
“Trust Status” describes the status of a person who is serving or has served (i) as a trustee, officer or employee of the Trust, (ii) in any capacity with respect to any employee benefit plan of the Trust, or (iii) as
a director, partner, member, trustee, officer, employee, or agent of any other Entity at the request of the Trust. 
 2.
Services of Indemnitee. In consideration of the Trust’s covenants and commitments hereunder, Indemnitee agrees to serve as a trustee or officer of the Trust. However, this Agreement shall not impose any obligation on Indemnitee or the
Trust to continue Indemnitee’s service to the Trust beyond any period otherwise required by law or by other agreements or commitments of the parties, if any. 
 3. Agreement to Indemnify. The Trust shall indemnify Indemnitee, and advance Indemnifiable Expenses to, Indemnitee (a) as specifically provided in this Agreement and (b) otherwise to the
fullest extent permitted by Maryland law in effect on the date hereof and as amended from time to time; provided, however, that no change in Maryland law shall have the effect of reducing the benefits available to Indemnitee
hereunder based on Maryland law as in effect on the date hereof. The rights of Indemnitee provided in this Section shall include, but shall not be limited to, the rights set forth in the other Sections of this Agreement, including any additional
indemnification permitted by Section 2-418(g) of the Maryland General Corporation Law (the “MGCL”). 
 4.
Proceedings Other Than Proceedings by or in the Right of the Trust. Indemnitee shall be entitled to the rights of indemnification provided in this Section 4 if, by reason of his Trust Status, he is, or is threatened to be, made a party
to any threatened, pending, or completed Proceeding, other than a Proceeding by or in the right of the Trust. Pursuant to this Section 4, Indemnitee shall be indemnified by the Trust against all Expenses and Liabilities incurred by him or on
his behalf in connection with a Proceeding by reason of his Trust Status (referred to herein as “Indemnifiable Expenses” and “Indemnifiable Liabilities,” respectively, and collectively as “Indemnifiable
Amounts”) if it is established that (i) Indemnitee has determined, in good faith, that the course of conduct which caused the Expenses and Liabilities was in the best interests of the Trust; (ii) Indemnitee was acting on behalf of
or performing services for the Trust; (iii) such Expenses and Liabilities were not the result of (a) negligence or misconduct by Indemnitee, excluding Indemnitee acting as an independent trustee of the Trust; or (b) gross negligence
or willful misconduct by Indemnitee acting as an independent trustee of the Trust; and (iv) such indemnification is recoverable only out of the Trust’s net assets and not from its shareholders. In the case of any criminal Proceeding, the
Indemnitee must not have had reasonable cause to believe that his conduct was unlawful. 
 5. Proceedings by or in the Right
of the Trust. Indemnitee shall be entitled to the rights of indemnification provided in this Section 5 if, by reason of his Trust Status, he is made a party to any threatened, pending or completed Proceeding brought by or in the right of
the Trust 

  
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to procure a judgment in its favor. Pursuant to this Section 5, Indemnitee shall be indemnified against all amounts paid in settlement and all Indemnifiable Expenses incurred by him or on
his behalf in connection with such Proceeding if it is established that (i) Indemnitee has determined, in good faith, that the course of conduct which caused the Expenses and Liabilities was in the best interests of the Trust;
(ii) Indemnitee was acting on behalf of or performing services for the Trust; (iii) such Expenses and Liabilities were not the result of (a) negligence or misconduct by Indemnitee, excluding Indemnitee acting as an independent trustee
of the Trust; or (b) gross negligence or willful misconduct by Indemnitee acting as an independent trustee of the Trust; and (iv) such indemnification is recoverable only out of the Trust’s net assets and not from its shareholders.;
provided, however, that no indemnification against such Indemnifiable Expenses shall be made in respect of any Proceeding in which Indemnitee shall have been adjudged to be liable to the Trust. 

6. Indemnification for Violations of Securities Laws. Notwithstanding any other provisions of this Agreement, Indemnitee and any
persons acting as a broker-dealer shall not be indemnified by the Trust for any Expenses arising from or out of an alleged violation of federal or state securities laws by such Indemnitee unless it is established that (i) there has been a
successful adjudication on the merits of each count involving alleged securities law violations as to Indemnitee; (ii) such claims have been dismissed with prejudice on the merits by a court of competent jurisdiction as to Indemnitee; or
(iii) a court of competent jurisdiction approves a settlement of the claims against Indemnitee and finds that indemnification of the settlement and the related costs should be made, and the court considering the request for indemnification has
been advised of the position of the Securities and Exchange Commission and of the published position of any state securities regulatory authority in which securities of the Trust were offered or sold as to indemnification for violations of
securities laws. 
 7. Court-Ordered Indemnification. A court of appropriate jurisdiction, upon application of a trustee
or officer and such notice as the court shall require, may order indemnification in the following circumstances: 
 (a) if it
determines a trustee or officer is entitled to Indemnifiable Amounts under Section 2-418(d)(1) of the MGCL, the court shall order indemnification, in which case the trustee or officer shall be entitled to recover the expenses of securing such
Indemnifiable Amounts; or 
 (b) if it determines that the trustee or officer is fairly and reasonably entitled to
indemnification in view of all the relevant circumstances, whether or not the trustee or officer (i) has met the standards of conduct set forth in Section 2-418(b) of the MGCL or (ii) has been adjudged liable for receipt of an
improper personal benefit under Section 2-148(c) of the MGCL, the court may order such indemnification as the court shall deem proper. However, indemnification with respect to any Proceeding by or in the right of the Trust or in which liability
shall have been adjudged in the circumstances described in Section 2-418(c) of the MGCL shall be limited to Indemnifiable Expenses. 
 8. Procedure for Payment of Indemnifiable Amounts. Indemnitee shall submit to the Trust a written request specifying the applicable Indemnifiable Amounts for which Indemnitee seeks payment under
this Agreement and the basis for the claim. Subject to the 

  
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exceptions set forth in Sections 4 and 5, the Trust shall pay such applicable Indemnifiable Amounts to Indemnitee within twenty (20) calendar days of receipt of the request. At the
request of the Trust, Indemnitee shall furnish such documentation and information as are reasonably available to Indemnitee and necessary to establish that Indemnitee is entitled to indemnification hereunder. 

9. Indemnification for Expenses of a Party Who is Wholly or Partly Successful. Notwithstanding any other provision of this
Agreement, and without limiting any such provision to the extent that Indemnitee is, by reason of Indemnitee’s Trust Status, a party to and is successful, on the merits or otherwise, in any Proceeding, Indemnitee shall be indemnified for all
Indemnifiable Expenses incurred by Indemnitee or on Indemnitee’s behalf in connection therewith. Without limiting any other rights of Indemnitee in this Agreement, if Indemnitee is not wholly successful in such Proceeding but is successful, on
the merits or otherwise, as to one or more but less than all claims, issues or matters in such Proceeding, the Trust shall indemnify Indemnitee for all Indemnifiable Expenses incurred by Indemnitee or on Indemnitee’s behalf in connection with
each successfully resolved claim, issue or matter. For purposes of this Agreement, the termination of any claim, issue or matter in such a Proceeding by dismissal, with or without prejudice, shall be deemed to be a successful result as to such
claim, issue or matter. 
 10. Effect of Certain Resolutions. Neither the settlement nor termination of any Proceeding
nor the failure of the Trust to award indemnification or to determine that indemnification is payable shall create an adverse presumption that Indemnitee is not entitled to indemnification hereunder. In addition, the termination of any Proceeding by
judgment, order or settlement shall not create a presumption that the act or omission of the Indemnitee was material to the matter giving rise to the Proceeding and was committed in bad faith or was the result of active and deliberate dishonesty or
the Indemnitee actually received an improper personal benefit in money, property or services or with respect to any criminal action or proceeding, had reasonable cause to believe that Indemnitee’s action was unlawful. The termination of any
Proceeding by conviction, or upon a plea of nolo contendere or its equivalent, or an entry of an order of probation prior to judgment, does not create a rebuttable presumption that the Indemnitee did not meet the requisite standard of
conduct. In addition, the termination of or resignation by Indemnitee shall not create an adverse presumption that Indemnitee is not entitled to indemnification hereunder. 
 11. Agreement to Advance Interim Expenses. The Trust shall pay to Indemnitee all Indemnifiable Expenses incurred by Indemnitee in connection with any Proceeding, including a Proceeding by or in the
right of the Trust, in advance of the final disposition of such Proceeding, only if all of the following conditions are satisfied: (i) the Proceeding relates to acts or omissions with respect to the performance of duties or services on behalf
of the Trust; (ii) the Proceeding is initiated by a third party who is not a shareholder of the Trust or the Proceeding is initiated by a shareholder of the Trust acting in his or her capacity as such and a court of competent jurisdiction
specifically approves such advancement; and (iii) Indemnitee undertakes to repay the advanced funds to the Trust, together with the applicable legal rate of interest thereon, in cases in which such Indemnitee is found not to be entitled to
indemnification. The terms and conditions of such undertaking shall be determined by a quorum of the disinterested members of the Board of Trustees, if any, acting in good faith and as required by the proper exercise of their duties or, if not
available, then by the written opinion of independent legal counsel or by the Trust’s shareholders. 

  
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 12. Procedure for Payment of Interim Expenses. Indemnitee shall submit to the Trust a
written request specifying the Indemnifiable Expenses for which Indemnitee seeks an advancement under Section 11 of this Agreement, together with documentation evidencing that Indemnitee has incurred such Indemnifiable Expenses. Payment of
Indenmifiable Expenses under Section 11 shall be made no later than twenty (20) calendar days after the Trust’s receipt of such request and the affirmation and undertaking required by Section 11. 

13. Remedies of Indemnitee. 
 (a) Right to Petition Court. In the event that Indemnitee makes a request for payment of Indemnifiable Amounts under Sections 3, 4 and 5 above or a request for an advancement of Indemnifiable
Expenses under Sections 11 and 12 above and the Trust fails to make such payment or advancement in a timely manner pursuant to the terms of this Agreement, Indemnitee may petition the appropriate judicial authority to enforce the Trust’s
obligations under this Agreement. 
 (b) Expenses. The Trust agrees to reimburse Indemnitee in full for any Expenses
incurred by Indemnitee in connection with investigating, preparing for, litigating, defending or settling any action brought by Indemnitee under Section 13(a) above, or in connection with any claim or counterclaim brought by the Trust in
connection therewith. 
 (c) Validity of Agreement. The Trust shall be precluded from asserting in any Proceeding,
including, without limitation, an action under Section 13(a) above, that the provisions of this Agreement are not valid, binding and enforceable or that there is insufficient consideration for this Agreement and shall stipulate in court that
the Trust is bound by all the provisions of this Agreement. 
 (d) Failure to Act Not a Defense. The failure of the Trust
(including its Board of Trustees or any committee thereof, independent legal counsel, or shareholders) to make a determination concerning the permissibility of the payment of Indemnifiable Amounts or the advancement of Indemnifiable Expenses under
this Agreement shall not be a defense in any action brought under Section 13(a) above, and shall not create a presumption that such payment or advancement is not permissible. 

14. Representations and Warranties of the Trust. The Trust hereby represents and warrants to Indemnitee as follows: 

(a) Authority. The Trust has all necessary trust power and authority to enter into, and be bound by the terms of, this Agreement,
and the execution, delivery and performance of the undertakings contemplated by this Agreement have been duly authorized by the Trust. 
 (b) Enforceability. This Agreement, when executed and delivered by the Trust in accordance with the provisions hereof, shall be a legal, valid and binding obligation of the Trust, enforceable
against the Trust in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, moratorium, reorganization or similar laws affecting the enforcement of creditors’ rights generally or general
equitable principles, and to the extent limited by applicable federal or state securities laws. 

  
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 15. Insurance. The Trust will use commercially reasonable efforts to obtain and
maintain a policy or policies of insurance with reputable insurance companies providing the members of the Board of Trustees with coverage for losses from wrongful acts, and to ensure the Trust’s performance of its indemnification obligations
under this Agreement. In all policies of trustee and officer liability insurance, Indemnitee shall be named as an insured in such a manner as to provide Indemnitee at least the same rights and benefits as are accorded to the most favorably insured
of the Trust’s officers and trustees. Notwithstanding the foregoing, if the Trust, after employing commercially reasonable efforts as provided in this Section, determines in good faith that such insurance is not reasonably available, if the
premium costs for such insurance are disproportionate to the amount of coverage provided, or if the coverage provided by such insurance is limited by exclusions so as to provide an insufficient benefit, the Trust shall use its commercially
reasonable efforts to obtain and maintain a policy or policies of insurance with coverage having features as similar as practicable to those described above. 
 16. Fees and Expenses. During the term of the Indemnitee’s service as a trustee or officer, the Trust shall promptly reimburse the Indemnitee for all expenses incurred by him in connection
with his service as a trustee or officer or member of any board committee or otherwise in connection with the Trust’s business. 
 17. Contract Rights Not Exclusive. The rights to payment of Indemnifiable Amounts and advancement of Indemnifiable Expenses provided by this Agreement shall be in addition to, but not exclusive of,
any other rights which Indemnitee may have at any time under applicable law, the Trust’s Bylaws, Second Amended and Restated Declaration of Trust, as amended from time to time (the “Declaration of Trust”) or any other
agreement, vote of shareholders or trustees, or otherwise, both as to action in Indemnitee’s official capacity and as to action in any other capacity as a result of Indemnitees’s serving as a trustee or officer of the Trust. 

18. Successors. This Agreement shall be (a) binding upon all successors and assigns of the Trust (including any transferee of
all or a substantial portion of the business, shares and/or assets of the Trust and any direct or indirect successor by merger or consolidation or otherwise by operation of law) and (b) binding on and shall inure to the benefit of the heirs,
personal representatives, executors and administrators of Indemnitee. This Agreement shall continue for the benefit of Indemnitee and such heirs, personal representatives, executors and administrators after Indemnitee has ceased to have Trust
Status. 
 19. Subrogation. In the event of any payment of Indemnifable Amounts under this Agreement, the Trust shall be
subrogated to the extent of such payment to all of the rights of contribution or recovery of Indemnitee against other persons, and Indemnitee shall take, at the request of the Trust, all reasonable action necessary to secure such rights, including
the execution of such documents as are necessary to enable the Trust to bring suit to enforce such rights. 
 20. Change in
Law. To the extent that a change in applicable law (whether by statute or judicial decision) shall permit broader indemnification than is provided under the terms of the Declaration of Trust or Bylaws of the Trust and this Agreement, Indemnitee
shall be entitled to such broader indemnification and this Agreement shall be deemed to be amended to such extent. 

  
 - 6 -

 21. Severability. Whenever possible, each provision of this Agreement shall be
interpreted in such a manner as to be effective and valid under applicable law, but if any provision of this Agreement, or any clause thereof, shall be determined by a court of competent jurisdiction to be illegal, invalid or unenforceable, in whole
or in part, such provision or clause shall be limited or modified in its application to the minimum extent necessary to make such provision or clause valid, legal and enforceable, and the remaining provisions and clauses of this Agreement shall
remain fully enforceable and binding on the parties. 
 22. Indemnitee as Plaintiff. Except as provided in
Section 13 of this Agreement and in the next sentence, Indemnitee shall not be entitled to payment of Indemnifiable Amounts or advancement of Indemnifiable Expenses with respect to any Proceeding brought by Indemnitee against the Trust, any
Entity which it controls, any trustee or officer thereof, or any third party, unless (a) the Proceeding is brought to enforce indemnification under this Agreement or otherwise or (b) the Trust's Bylaws, the Declaration of Trust, a
resolution of the Board of Trustees or an agreement approved by the Board of Trustees to which the Trust is party expressly provide otherwise. This Section shall not apply to affirmative defenses asserted by Indemnitee in an action brought against
Indemnitee. 
 23. Modifications and Waiver. Except as provided in Section 20 above with respect to changes in
applicable law which broaden the right of Indemnitee to be indemnified by the Trust, no supplement, modification or amendment of this Agreement shall be binding unless executed in writing by each of the parties hereto. No waiver of any of the
provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions of this Agreement (whether or not similar), nor shall such waiver constitute a continuing waiver. 

24. General Notices. All notices, requests, demands and other communications hereunder shall be in writing and shall be deemed to
have been duly given (a) when delivered by hand, (b) when transmitted by facsimile and receipt is acknowledged, or (c) if mailed by certified or registered mail with postage prepaid, on the third business day after the date on which
it is so mailed: 
  

					
		 	(i)	  	If to Indemnitee, to:
			
		 		  	 Louis P. Salvatore
 c/o
Chambers Street Properties
 47 Hulfish Street
 Suite 210
 Princeton, NJ 08542
 Phone: (609) 683-4900
 Facsimile: (609) 806-2666

  
 - 7 -

					
		 	(ii)	  	If to the Trust, to:
			
		 		  	 Chambers Street Properties
 47
Hulfish Street
 Suite 210
 Princeton,
NJ 08542
 Phone: (609) 683-4900

Facsimile: (609) 806-2666
 Attn: Jack A.
Cuneo

 or to such other address as may have been furnished in the same manner by any party to the others. 

25. Governing Law. This Agreement shall be governed by and construed and enforced under the laws of Maryland without giving effect
to the provisions thereof relating to conflicts of law. To the extent that MGCL conflicts with the provisions set forth in the North American Securities Administrators Association Statement of Policy Regarding Real Estate Investment Trusts
(“NASAA Guidelines”), the NASAA Guidelines control to the extent provisions of the MGCL are not mandatory. 

26. Agreement Governs. This Agreement is to be deemed consistent wherever possible with relevant provisions of the Trust’s
Bylaws and the Declaration of Trust; however, in the event of a conflict between this Agreement and such provisions, the provisions of this Agreement shall control. 
 27. Counterparts. This Agreement may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original
and all of which taken together shall constitute one and the same agreement. Each party shall become bound by this Agreement immediately upon affixing its signature hereto. 
 [Signature Page Follows] 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Indemnification Agreement as of
the day and year first above written. 
  

			
	TRUST:
	
	CHAMBERS STREET PROPERTIES
		
	By:	 	 /s/ Jack A. Cuneo

		 	Name: Jack A. Cuneo
		 	Title:   President and Chief Executive Officer
	
	INDEMNITEE:
		
	By:	 	 /s/ Louis P. Salvatore

		 	Louis P. Salvatore

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