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3 Chicago Buildings Take Home International TOBY Awards

500 West Madison

Three Chicago buildings received International TOBY Awards Tuesday at BOMA International’s 2019 Every Building Conference & Expo in Salt Lake City. The awards honor excellence in office building management in 16 categories based on building size and facility type. 

The 1.5M SF 500 West Madison received the TOBY, or The Outstanding Building of the Year, Award for buildings larger than 1M SF. Owned by KBS Realty Advisors and managed by Transwestern, the LEED Gold, Class-A office tower hosts more than 90 companies employing 6,000 people. It also houses a two-story retail concourse and entrance to the Ogilvie Transportation Center — all of which brings more than 120,000 people through the building each day.

The TOBY for buildings between 250K and 500K SF went to 550 West Washington, a LEED Platinum office building managed by JLL. BOMA/Chicago said the building beat the Retrofit Chicago Energy Challenge by reducing energy 25% in three years. 

CBRE also scored a win for its management of 737 North Michigan/Olympia Centre, which received the TOBY for mixed-use buildings. The 1.1M SF property is composed of 18 floors of office space, a 435-space parking garage, 265 residential units and a large retail space occupied by Neiman Marcus.

“The property management teams who won the 2019 International TOBY Award are the best-of-the-best in our industry and we are grateful for their leadership and unwavering commitment to excellence,” BOMA/Chicago President Lance Knez said.