1 North Dearborn Wins a Toby From BOMA for Renovated Building of the Year
February 24, 2020
1 North Dearborn won The Building of the Year (TOBY) award in the Renovated Building category at BOMA/Chicago’s 2020 TOBY/Gold Circle Awards Gala, which took place at the Sheraton Grand Chicago the evening of January 30, 2020. Owned by Beacon Capital Partners, LLC. and managed by MB Real Estate, 1 North Dearborn was built in 1917 as the mercantile Boston Store and has become a turn-of-the-century icon in Chicago’s Central Business District.
“The team at 1 N Dearborn is truly exceptional, and we are thrilled on their behalf,” said SVP & Managing Director of Asset Management Suzanne Hendrick. “Winning the TOBY award is a testament to the 1 North Dearborn's property management team’s dedication towards the overall success of the building, tenants, and ownership.”
Recent renovations amplified 1 North Dearborn’s street presence with revitalized entry and lobby improvements. New amenities include a state-of-the-art fitness center and cycle studio, secure bicycle storage room, reimagined building entry and lobby, conference facilities and an expansive rooftop lounge, and outdoor terrace with stunning skyline and Lake Michigan views. In addition, a lobby art program features works by contemporary artists on a rotating basis. Finally, many “behind the wall” improvements enhanced building operations, energy efficiency and tenant comfort.
“The management team's close collaboration with ownership, Beacon Capital Partners, was the key to executing so many major projects in a short span of time. This award recognizes our shared goals and unwavering commitment to serving a best-in-class building,” said Michael Graham, MBRE's SVP & General Manager at 1 North Dearborn.
About MB Real Estate Services Inc.
Founded in 1982, MB Real Estate is a full-service real estate organization that provides multifaceted expertise in Asset/Facilities Management; Leasing Services; Project/Construction Management; Tenant Representation and Investment Services. Separately, MBRE Healthcare and its independent affiliate fund manager, ROA Holdings, are a full-service real estate entity that acquires, develops, leases, and manages healthcare facilities across the United States. MBRE is headquartered in Chicago, with regional offices in New York, Atlanta, Columbus, Orlando, Dallas and Denver. For more information, visit www.mbres.com or www.mbrehealthcare.com. For company updates, follow us on Facebook, Instagram, Twitter, and LinkedIn.
About Beacon Capital Partners
Beacon Capital Partners is a tenant-focused private real estate investment firm with an over 70-year legacy of successful real estate development, ownership and management. Beacon invests in high-potential office properties in major U.S. markets with highly-educated workforces. Our hands-on approach transforms these properties for today’s tenants, with innovative design, state-of-the-art connectivity, modern amenities, and award-winning sustainability and risk management initiatives. From Fortune 100 firms to the leading innovative and growth companies, our tenants are proud to call our distinctive workplaces home.
Beacon has raised over $13.5 billion in equity for nine investment vehicles since 1998 from a diverse group of U.S. and non-U.S. investors, including public and private pension funds, financial institutions, sovereign wealth funds, endowments, and foundations. This equity has fueled over 160 office investments with a projected total value of $40 billion (including leverage and JV partner equity). For more information, visit www.beaconcapital.com.