Summary
One Prudential Plaza (formerly known as the Prudential Building) is a 41-story structure in Chicago completed in 1955 as the headquarters for Prudential's Mid-America company. It was the first skyscraper built in Chicago since the Great Depression of the 1930s and the Second World War. The plaza, including a second building erected in 1990, is owned by BentleyForbes and a consortium of New York investors, since the Great Recession of the early 21st century.[1]
| One Prudential Plaza | |
|---|---|
 One Prudential Plaza with Two Prudential Plaza towering behind | |
 | |
| Former names | Prudential Building |
| General information | |
| Status | Completed |
| Location | 130 E. Randolph St. Chicago, Illinois United States |
| Coordinates | 41°53′06″N 87°37′24″W / 41.8849°N 87.6233°W |
| Completed | 1955 |
| Height | |
| Antenna spire | 912 ft (278 m) |
| Roof | 601 ft (183 m) |
| Technical details | |
| Floor count | 41 |
| Floor area | 1,762,989 sq ft (163,787.0 m2) |
| Design and construction | |
| Architect(s) | Naess & Murphy |
| Structural engineer | Naess & Murphy |
| Main contractor | George A. Fuller Co. |
History of construction
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The structure was significant as the first new downtown skyscraper constructed in Chicago since the Field Building, 21 years earlier and was built on air rights over the Illinois Central Railroad.[2] It was the last building ever connected to the Chicago Tunnel Company's tunnel network. When the Prudential was finished it had the highest roof in Chicago with only the statue of Ceres on the Chicago Board of Trade higher. Its mast served as a broadcasting antenna for Chicago's WGN-TV.[2] The architect was Naess & Murphy, a precursor to C.F. Murphy & Associates and later Murphy/Jahn Architects.[3]
Later purchase
editIn May 2006, BentleyForbes, a Los Angeles-based real estate investment firm run by Frederick Wehba and his family, purchased One Prudential Plaza, along with its sister property, Two Prudential Plaza for $470 million.[4]
After a default on the mortgage encumbering the towers during the Great Recession of the early 21st century, New York-based investors 601W Companies and Berkley Properties took control of the towers after investing more than $100 million in equity to recapitalize.[5] BentleyForbes, the prior controlling owner of the towers, continues to have an interest in the owning partnership.[6]
Tenants
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- Hillrom Corporate Headquarters[7]
- Society of Women Engineers — Global Headquarters, 35th Floor[8]
- American Institute of Steel Construction[9]
- Wilson Sporting Goods[10]
- Marketing Werks[11]
- Cision[12]
- Conversion Alliance[13]
- No Limit Agency[14]
- Chicago Federation of Labor[15]
- McGraw Hill (Education And Test Prep Editorial)[16]
- Vanderbilt Office Properties[17]
- Envisionit Agency[18]
- S&P Global Ratings[19]
- Bowman, Barrett & Associates Inc.[20]
- OppLoans[21]
- Hubbard Chicago[22]
- Painters District Council 14[23]
- Optiver[24]
The building was the home of the Chicago Tribune and Tribune Publishing after leaving Tribune Tower in July 2018[25] until January, 2021.[26]
See also
editPosition in Chicago's skyline
edit
References
edit- ^ Gapp, Paul (December 23, 1990). "Too prudent Two Pru design is functional but uninspired". Chicago Tribune. p. 3.
- ^ a b Fuller, Ernest (December 9, 1955). "Dedicate New Prudential 41 Story Building". Chicago Tribune. Retrieved September 3, 2017.
- ^ Heise, Kenan. "CHARLES F. MURPHY, CHICAGO ARCHITECT". chicagotribune.com. Retrieved 2018-10-12.
- ^ Gallun, Alby (May 30, 2006). "BentleyForbes secures financing for Prudential Plaza purchase". Crain's Chicago Business. Retrieved September 3, 2017.
- ^ Ori, Ryan (September 8, 2015). "Prudential Plaza gets new $415 million loan". Crain's Chicago Business. Retrieved September 3, 2017.
- ^ "Gleicher Leads NY Investors in Acquisition of Controlling Interest of Chicago's Prudential Plaza Office Towers" (Press release). Olshan Frome Wolosky LLP. June 6, 2013.
- ^ "Contact Us".
- ^ "Media Kit" (PDF). Society of Women Engineers. Retrieved September 3, 2017.
- ^ "About Us". AISC. Retrieved September 3, 2017.
- ^ "Contact Us". www.wilson.com. 26 July 2017. Retrieved 12 November 2018.
- ^ "Contact". Marketing Werks. Retrieved 12 November 2018.
- ^ "Update or Add Your Outlet Profile - Cision". Cision. Retrieved 12 November 2018.
- ^ "Contact Us Conversion Alliance - Chicago Marketing Agency". Conversion Alliance. Retrieved 12 November 2018.
- ^ "About - No Limit Agency". No Limit Agency.
- ^ "Contact Us". Chicago Federation of Labor. Retrieved 12 November 2018.
- ^ "Education and Test Prep Editorial Contacts". McGraw Hill Education. Retrieved 12 November 2018.
- ^ "Contact". Vanderbilt Office Properties. Retrieved 12 November 2018.
- ^ "Contact Us - envisionit". envisionit. Retrieved 12 November 2018.
- ^ "Office and Affiliate Locations - S&P Global Ratings". www.spratings.com. Retrieved 12 November 2018.
- ^ "Contact Us". www.bbandainc.com. Retrieved 12 November 2018.
- ^ "Contact Us - OppLoans". OppLoans.
- ^ Chicago, Hubbard. "Contact Hubbard Chicago". www.hubbardchicago.com. Retrieved 12 November 2018.
- ^ "Contact Us - Painters District Council 14". pdc14.com. Retrieved 12 November 2018.
- ^ "Contact - Optiver". optiver.com. 2022-07-04. Retrieved 2022-11-12.
- ^ Kogan, Rick. "Farewell to Tribune Tower: Friday we pack our boxes and depart what has been this newspaper's home". Chicago Tribune.
- ^ Ori, Ryan (2021-01-11). "Chicago Tribune to exit Prudential Plaza, move newsroom to printing facility". Chicago Tribune. Retrieved 2024-02-10.
External links
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- The Real Deal
- Official website
- Emporis entry for One Prudential Plaza[usurped]
- Olshan Frome Wolosky LLP