CHICAGO--(BUSINESS WIRE)--Riverview Realty Partners (the “Company” or “Riverview”), announced today that the law firm of Swanson Martin & Bell, LLP entered into an amendment to its existing lease at AMA Plaza (330 North Wabash) in Chicago, Illinois (the “Building” or “AMA Plaza”) with an affiliate of Riverview. The lease amendment provides for the expansion of Swanson Martin & Bell, LLP’s existing premises in the Building by 10,085 rentable square feet (“rsf”) of office space on the 31st floor of the Building, resulting in its expanded premises consisting of approximately half of the 31st floor and all of the 33rd and 34th floors of the Building, for a total of 78,935 rsf of office space.
“We are very pleased to announce that Swanson, Martin & Bell, LLP has decided to expand the size of its premises in AMA Plaza,” said Steven R. Baron, Riverview Realty Partners’ Executive Vice President of Leasing. “The completion of this transaction continues our progress in leasing the building toward full occupancy in light of the previously announced leases we have signed with tenants such as American Medical Association, Latham & Watkins, SmithBucklin Corporation, BDO USA, LLP, Patton & Ryan, L.L.C. and Burke, Warren, MacKay, and Serritella, P.C.,” Mr. Baron said.
With the completion of this lease amendment with Swanson Martin & Bell, LLP, the office space at AMA Plaza is approximately 92% leased.
AMA Plaza is owned by a joint venture between subsidiaries of Riverview Realty Partners, a real estate company headquartered in Chicago, and Five Mile Capital Partners LLC, a Connecticut-based commercial real estate and alternative investment firm, which also owns Riverview. The Building contains approximately 1.14 million rentable square feet of office space and was designed by famed architect Mies van der Rohe and completed in 1971. It was designated with landmark status by the City of Chicago in 2008. Riverview is the property manager and leasing agent for the property.
Swanson Martin & Bell, LLP was represented in this transaction by Jim Lockhart and Gary Gavula, Senior Vice Presidents of DTZ Americas. Riverview Realty Partners was represented by its Executive Vice President of Leasing, Steven R. Baron.
The building has undergone a renovation that includes a new state of the art fire and life safety system, new restrooms, elevator cab modernization, updating the building’s HVAC system, and asbestos abatement. Also recently completed for the benefit of all of the building’s tenants is a new 5,000 square foot state of the art fitness center, a food service cafe and a conference center.
In addition to the foregoing, a new five-star Langham Chicago Hotel, owned and operated by The Langham Hospitality Group, is located on floors 2-13 of the Building and opened this past July 10, 2013. The hotel features approximately 316 rooms and suites and includes a full service restaurant (including private dining facilities), elegant and sophisticated meeting and conference facilities, as well as a fitness facility and the hotel's award-winning wellness retreat, Chuan Spa.
About Swanson Martin & Bell, LLP
Swanson, Martin & Bell, LLP, a nationally recognized litigation firm in Chicago, is dedicated to resolving contested matters for its clients. Jury trial experience is the hallmark of the firm. Swanson, Martin & Bell, LLP attorneys have tried hundreds of cases to verdict in a variety of complex civil and commercial disputes. Many large corporations, prestigious institutions, business owners and individuals retain Swanson, Martin & Bell, LLP in jurisdictions across the United States. Since its inception in 1992, the firm has grown to over 110 attorneys in 22 practice areas. Visit Swanson, Martin & Bell, LLP’s website at www.smbtrials.com.
About Riverview Realty Partners
Riverview Realty Partners is a self-administered and self-managed real estate investment company which owns, manages, leases, develops and redevelops office and industrial real estate in metropolitan Chicago. The Company currently owns 1 office property containing 167,756 net rentable square feet and a joint venture interest in a building comprised of approximately 1.14 million net rentable square feet. The Company leases and manages its properties. For more information about Riverview Realty Partners, contact the Company's Chicago headquarters at (312) 917-1300 or visit its website at www.rrpchicago.com.
About Five Mile Capital Partners
Five Mile Capital Partners LLC is an alternative investment and asset management company established in 2003. The firm specializes in investment opportunities in real estate, debt products, structured finance, asset-based lending and financial services private equity. Five Mile’s Principals have significant experience, knowledge and skills relevant to the financial services industry and believe the cyclical and dynamic nature of the sector continually provides a broad opportunity for investments across the capital structure. The Firm’s headquarters are based in Stamford, Connecticut with an office in New York City. Five Mile has approximately $2 billion in assets under management. For more information, visit www.fivemilecapital.com.
This press release contains certain forward-looking statements which involve known or unknown risks, uncertainties or other factors not under the Company’s control which may cause the actual results, performance or achievement of the Company to be materially different from the results, performance or other expectations implied by these forward-looking statements.