Search
 

AMA Lease, Presidential Towers Redo Among Winners

CHICAGO-The annual Greater Food Depository CRE awards, held Thursday night, picked the IBM building’s comeback and Waterton’s repositioning work to receive honors, among others.

By Robert Carr | Updated on March 08, 2012

CHICAGO-The surprise return of the IBM building, soon to be renamed AMA Plaza due to the medical organization’s 300,000-square-foot lease announced in December, was the winner of the Innovative Deal of the Year at the 24h annual Greater Food Depository commercial real estate awards Thursday night. Prime Group Realty Trust, owner of the building, and Jones Lang LaSalle, the property broker, accepted the award among other winners at the dinner at the Hyatt Regency.

Other prominent deals were also award winners. Waterton Residential and US Equity Realty won the Redevelopment of the Year honor in conjunction with its work at Presidential Towers, purchased from the Pritzker family in 2007 for $475 million. The four towers, with more than 2,300 units, saw a retail redevelopment that includes the city’s first urban Wal-Mart store.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.