LEASE, ASSET MANAGEMENT

Project Details

Office & Retail:
Nippon Life Insurance & Prudential

  • One and Two Prudential Plaza, Chicago, Illinois
  • 2,100,000 SF
  • Core Dispo founder was Leasing AVP, Asset Manager, Nippon Life
  • $470 M sale price in 2006 after our leasing and tenure

  • Managed the original construction – and leasing with Jack McKinney
  • Maximized property value through operational efficiencies and leasing
  • Value continued to increase after our tenure: $470 M sale price in 2006 after our leasing and tenure

Excerpt from New York News:

Two Prudential Plaza is a 64-story skyscraper that was built in the Loop area of Chicago, Illinois, United States in 1990. At 995 feet (303 m) tall, it is currently the sixth-tallest building in Chicago and the seventeenth tallest in the United States, being only 5 feet from 1000 feet. The building is also currently the tallest building in the world that is under 1000 feet tall.[1] The building was designed by the firm Loebl, Schlossman & Hackl, with Stephen T. Wright as the principal in charge of design. It has been honored with 8 awards, including winning the Best Structure Award from the Structural Engineers Association of Illinois in 1995.[2] One Prudential Plaza, along with its sister property, Two Prudential Plaza, was sold in May 2006 for $470 million to BentleyForbes, a Los Angeles-based real estate investment firm, run by C. Frederick Wehba and his family.

Client
Nippon Life Insurance & Prudential
Transaction Types