NEWTON, Mass.--(BUSINESS WIRE)--Select Income REIT (Nasdaq:SIR) today announced that its property located at 400 South Jefferson Street in Chicago, IL won The Building of the Year (TOBY) Award Corporate Facility category from the Building Owners and Managers Association International (BOMA) for both Chicago and for the North Central Region.
This eight-story, 248,000 square foot Class A office property is an authentic 1940's era building in Chicago's West Loop submarket and is within blocks of all major forms of transportation. Major renovations since 2012 include new HVAC, passenger elevators, fire/sprinkler equipment, boilers, cooling tower, washrooms, lighting, conference rooms, auditorium and roof deck. As a result, the building boasts a 98/100 Energy Star rating and a LEED Gold certification for Commercial Interiors.
The property is managed by RMR Real Estate Services, a division of The RMR Group LLC. The RMR Group LLC manages Select Income REIT and it is the majority owned operating subsidiary of The RMR Group Inc. (Nasdaq: RMR). RMR Real Estate Services is responsible for providing all aspects of property management services to more than 600 buildings with over 65 million square feet of commercial office, industrial, medical office, lab and retail space that are managed by The RMR Group LLC.
About Select Income REIT
Select Income REIT is a real estate investment trust, or REIT, which owns properties that are primarily net leased to single tenants. SIR is managed by The RMR Group LLC, the majority owned operating subsidiary of The RMR Group Inc. (Nasdaq:RMR) and an alternative asset management company that is headquartered in Newton, MA.
About The RMR Group Inc.
The RMR Group Inc. is a holding company and substantially all of its business is conducted by its majority owned operating subsidiary, The RMR Group LLC. The RMR Group LLC is an alternative asset management company that primarily provides management services to publicly traded REITs and real estate related operating companies. As of December 31, 2016, The RMR Group LLC had approximately $27.2 billion of total assets under management, including more than 1,400 properties, and employed over 450 real estate professionals in more than 30 offices throughout the United States; the companies managed by The RMR Group LLC collectively had over 53,000 employees. The RMR Group Inc. is headquartered in Newton, Massachusetts.
A Maryland Real Estate Investment Trust with transferable shares of
beneficial interest listed on the Nasdaq.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.