PRU - 130 East Randolph Street | 180 North Stetson Avenue
RIDC Role
On behalf of ownership, RIDC advised and helped negotiate the restructuring of the equity and debt capitalization, including an extension of the CMBS loan in 2023
Completed over 500,000 rsf of leasing activity since taking over leasing in mid-2022
Closely oversee property management in order to maximize property revenue
Lead construction and redevelopment efforts for all building improvements
Chicago, Illinois
PRU is an iconic Chicago office plaza consisting of two towers in the East Loop at the north end of Millennium Park. ONE PRU Stands at 41 stories and has 1.3M Square Feet, while TWO Pru is 58 stories and has 1.0M Square Feet on a 3.3-Acre Campus.
ONE PRU | 1955
When it was completed in 1955, One Pru stood as a beacon of rebirth and a new age of prosperity for Chicago. It ended a two-decade hiatus of skyscraper construction following The Great Depression and the economic strain of World War II. The city’s tallest building at the time, One Pru quickly became Chicago’s most prestigious office address, serving as headquarters to some of the world’s most powerful companies, including pioneering ad agency Leo Burnett.
TWO PRU | 1990
Nearly four decades later, Two Pru added 58 stories of striking postmodernist architecture to Chicago’s skyline. Designed by Stephen Wright, the building’s chevron setbacks offer a timeless architectural elegance, unmistakable from any angle. At its origin, Two Pru was the tallest reinforced concrete structure in the world at 995 feet and won several awards for structural design.
