{"id":1004127731,"date":"2015-09-18T06:37:21","date_gmt":"2015-09-18T14:37:21","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=361237"},"modified":"2022-12-06T03:33:32","modified_gmt":"2022-12-06T11:33:32","slug":"chicagos-ama-plaza-looking-for-a-new-owner","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/chicagos-ama-plaza-looking-for-a-new-owner\/","title":{"rendered":"Chicago\u2019s AMA Plaza Looking for a New Owner"},"content":{"rendered":"

By Ioana Neamt, Associate Editor<\/em><\/p>\n

\"AMA<\/a><\/p>\n

AMA Plaza – 330 N Wabash Ave<\/em><\/p>\n<\/div>\n

A historic 52-story office building in downtown Chicago is now on the market.<\/p>\n

An affiliate of Five Mile Capital Partners<\/a>\u00a0enlisted the help of HFF<\/a> to market and sell AMA Plaza<\/a>\u2014a 1.14 million-square-foot, Class A, trophy office tower located at 330 N. Wabash Ave. on the banks of the Chicago River. An HFF team led by Senior Managing Directors Jaime Fink, Jeff Bramson, and Michael Kavanau, Executive Managing Directors John Pelusi and Gerard Sansosti, and Managing Director Mark Katz, are representing the Stamford, Conn.-based seller.<\/p>\n

\u201cAMA Plaza represents a worldwide generational opportunity to acquire an irreplaceable architectural icon,\u201d said Fink. \u201cThe property transcends the local market and takes its place among the best trophy office towers in the world.\u201d<\/p>\n

Formerly IBM Plaza, the LEED Gold certified tower is currently the home of the American Medical Association and is 95 percent leased. The 52-story building is situated on top of a separately owned, 316-key luxury Langham Hotel, also awarded LEED Gold certification<\/a> by the USGBC. A designated Chicago Landmark, AMA Plaza is the last and largest American building designed by Ludwig Mies van der Rohe and is also listed on the National Register of Historic Places.<\/p>\n

AMA Plaza recently underwent an extensive redevelopment project, following a $73.7 million base-building capital expenditure plan. The tower now features new mechanical systems, elevators, HVAC, and restrooms, and a new green roof.<\/p>\n

Image courtesy of AMA Plaza<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The iconic office tower at 330 N. Wabash Ave. is now up for grabs.<\/p>\n","protected":false},"author":192,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21742],"tags":[682],"class_list":["post-1004127731","post","type-post","status-publish","format-standard","hentry","category-chicago","category-latest","tag-news"],"acf":[],"yoast_head":"\nChicago\u2019s AMA Plaza Looking for a New Owner - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/chicagos-ama-plaza-looking-for-a-new-owner\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chicago\u2019s AMA Plaza Looking for a New Owner\" \/>\n<meta property=\"og:description\" content=\"The iconic office tower at 330 N. 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