CHICAGO, IL – SEPTEMBER 25, 2006 - Prime Group Realty Trust, (NYSE: PGEPRB), a Chicago-based real estate investment trust (REIT), has announced that 77 West Wacker Drive, the landmark 959,719 square-foot Class A office tower located in Chicago’s central business district and one of Prime Group Realty Trust’s premier properties, has won the prestigious award for “The Office Building of the Year”(TOBY) by the Building Owners and Managers Association (BOMA).
77 West Wacker Drive was declared the winner in the 500,000 to 1,000,000 square-foot category at an awards ceremony on September 20th. Earlier this year, Prime Group Realty Trust won TOBY Awards for its Continental Towers building in Rolling Meadows Illinois, for both the suburban Chicago and five State North Central Region areas, for the second year in a row.
The TOBY award program, now in its 21st year, is commonly recognized as the most prestigious and comprehensive program in the commercial real estate industry related to the management and operation of buildings. Participants are judged on the effectiveness of their overall building management in 11 categories, including community impact, tenant relations, energy management, emergency preparedness and training for personnel. 77 West Wacker received high marks in each category, particularly in community impact, following the announcement over the summer that United Air Lines, Inc. was staying in Chicago and moving its corporate headquarters to 77 West Wacker Drive.
Jeffrey Patterson, President and Chief Executive Officer of Prime Group Realty Trust, notes, "We are proud to receive this award and extremely gratified that BOMA has recognized 77 West Wacker Drive as a top notch building with an exceptional management team. It takes a collective team effort to run a successful building, so we thank everyone involved for their hard work and dedication.”
77 West Wacker Drive is a 51-story landmark building located on the south bank of the Chicago River at Wacker Drive and Clark Street and features exceptional-quality, on-site amenities including an Italian bistro and a state-of-the-art fitness facility. The property is easily accessible by public transportation and is connected to Chicago's Pedway system, with enclosed access to other amenities such as parking, banking, retail, restaurant, and hotel services. The Class A office building offers 24-hour secured access as well.
Critically acclaimed, 77 West Wacker Drive was developed in 1992 and designed by the world renowned Ricardo Bofill in his “modern classicism” style, with architecture by DeStefano + Partners.
To arrange a tour of the building, contact Daniel J. Nikitas, Executive Vice President of Leasing for Prime Group Realty Trust, at (312) 917-8794.
