Press Release brought to you by HFF

Landmark AMA Plaza in Chicago listed for sale by HFF

09/16/2015

CHICAGO, IL – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has been engaged by an affiliate of Five Mile Capital Partners (Five Mile Capital) to market and sell AMA Plaza, a 1.14 million-square-foot, Class A, trophy office and adjacent 902-stall parking garage located on the Chicago River in the River North area of Chicago, Illinois.

Home to the American Medical Association, the 95-percent-leased AMA Plaza boasts a roster of internationally-recognizable, high-quality tenants with a weighted average lease term of nearly 9.5 years.  The 52-story building is one of Chicago’s premier office towers.  AMA Plaza is a LEED Gold Certified multi-tenant office building situated on top of a separately owned 316-room, five-star luxury Langham Hotel.   AMA Plaza, through a recent $73.7 million base-building capital expenditure plan, has been completely redeveloped with all new mechanical systems, elevators, HVAC, restrooms, corridors and a “Green Roof.”  The property is virtually a new building within an elegant glass and steel façade.  Located on a 1.6-acre site in downtown Chicago on the banks of the Chicago River, AMA Plaza is a designated Chicago Landmark and listed on the National Register of Historic Places.  The building is the last and largest American building designed by the renowned architect Ludwig Mies van der Rohe, who achieved visual richness through his meticulous choice of materials and minimalist design.

The HFF team representing Five Mile Capital is being 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. 

“AMA Plaza represents a worldwide generational opportunity to acquire an irreplaceable architectural icon,” Fink said.  “The property transcends the local market and takes its place among the best trophy office towers in the world.”

About Five Mile Capital Partners
Five Mile Capital Partners LLC (Five Mile) is an alternative investment and asset management company established in 2003.  The firm specializes in real estate equity, debt products, structured finance, asset-based lending and financial services private equity.  Five Mile's principals have significant experience, knowledge and skills relevant to the financial services industry and believe the cyclical and dynamic nature of the sector continually provides a broad opportunity for investments across the capital structure.  The firm's headquarters are based in Stamford, Connecticut, with an office in New York City.  Five Mile has approximately $2 billion in assets under management.

About HFF
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF).  HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry.  HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.

09/16/2015 - 17:45

Source

HFF

Want more news about HFF? Click here