BOMA Chicago Announces Winners of 2011-2012 TOBY Awards
The Building Owners and Managers Association of Chicago (BOMA/Chicago) announced the winners of “The Outstanding Building of the Year” (TOBY) Awards at an awards gala over the weekend. The TOBY Awards are designed to recognize excellence in office building management across several categories based on building size and type. The buildings were judged on tenant relations, commitment to environmental sustainability, emergency preparedness, budgeting, work order systems, security standards, staff experience and continuing education opportunities.
The Earth Award went to 10 and 120 South Riverside Plaza, owned and managed by Behringer Harvard. Constructed between 1965 and 1967, the 21-story twin towers have received an Energy Star rating from the EPA of between 84 and 90 for the past four years. The USGBC has also awarded both properties a LEED-EBOM Silver rating.
The winner in the 100,000 – 249,000 Square Feet Category was the brutalist gem along the riverfront, 55 West Wacker Drive, which is managed by MB Real Estate and owned by 55 West Wacker Owner’s Association. The next largest size category, 250,000 – 499,000 Square Feet, went to the CBRE-managed 303 West Madison Street. Owned by 303 Madison Chicago, LLC, the 24-year-old structure is notable for its stained glass lobby window.
One South Dearborn won in the 500,000 – One Million Square Feet Category. Managed by Hines and owned by South Dearborn, LLC, the building features unique angles and an interesting topper. A relative newcomer to the loop, the Hyatt Center at 71 South Wacker Drive won the largest size category, Over One Million Square Feet. Owned by the Irvine Company and managed by Jones Lang LaSalle, this building is recognizable for its football-shaped cross section and bamboo-filled lobby.
“This year’s TOBY Award recipients are truly leaders in their respective categories and demonstrate exemplary management and operations of Chicago’s commercial buildings,” said Robert Six, BOMA/Chicago president. “These office buildings drive our economy and outstanding property management is essential to ensuring Chicago remains a global center of commerce.”
BOMA/Chicago TOBY Award winners will be invited to participate in the North Central Regional TOBY competition, where they will compete against local TOBY winners from cities in Illinois, Indiana, Kentucky, Michigan and Ohio. Regional winners qualify for the BOMA International TOBY Awards, one of the highest honors in the commercial real estate industry. Last year, the FBI Chicago Regional Office won a BOMA International TOBY Award in the Earth Award Category.