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The building was designed by architect Mies van der Rohe and completed in 1971 and was designated landmark status by the City of Chicago in 2008 and PGRT is the property and redevelopment manager and leasing agent for the building owned by a joint venture between subsidiaries of the company, a real estate investment trust based in Chicago and Five Mile Capital Partners LLC, a commercial real estate and alternative investment firm.
Allen Rogoway of Cresa Partners Chicago LLC and Carlo Brignardello of Cresa Partners Los Angeles represented Creative Circle in its search while PGRT was represented by its EVP of Leasing, Steven R Baron.
As part of this refinancing, PGRT also sold off floors 2 through 13 of the building to a joint venture entity controlled by LaSalle Hotel Properties to develop a 5 star hotel in this portion of the building.
330 North Wabash Avenue is currently owned by subsidiaries of PGRT, Chicago, and Five Mile Capital Partners LLC, Connecticut, real estate investment firms, with PGRT being the property manager and leasing agent for the property.
Lichtenstein will generously match every $1 cash donation to the American Red Cross, up to $100,000 total, donated by employees of The Lightstone Group family of companies--The Lightstone Group, Prime Retail, Inc., Prime Group Realty Trust (PGRT), Park Avenue Funding, LLC, Park Avenue Bank, Lightstone Securities and Lightstone Value Plus Real Estate Investment Trust.
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