Dec
12

Iconic Chicago Tower to go from IBM to AMA

December 12, 2011

A Chicago real estate landmark that was designed by famed Chicago architect Ludwig Mies van der Rohe is getting a new tenant, and with it, a new name.

The American Medical Association has announced that it will move its Chicago headquarters to the former IBM Plaza at 330 N. Wabash, in September 2013.

330 N. Wabash will soon be named AMA Plaza.

And when it does, the historic tower will be renamed AMA Plaza.

IBM moved to the West Loop in 2005 and out of the 52-story building, which now sits half vacant. It also sits about two blocks north from the AMA’s current headquarters at 515 N. State St., where it has been since 1990 and where its 350,000-square-foot lease expires in August 2015.

The physician trade group has been based in Chicago since 1902 and has about 1,100 Chicago-based employees.

With help from Chicago real estate firm Jones Lang LaSalle Inc., the AMA signed a 15-year lease for between 275,000 and 300,000 square feet in the soon-to-be-named AMA Plaza and will occupy floors 39 through 47.

The 670-foot-high tower was the tallest American building that noted architect Mies van der Rohe designed. Completed in 1970, a year after his death, the building has been designated with landmark status by the city of Chicago.

Located across the street from Trump International Hotel and Tower, 330 N. Wabash has recently undergone an extensive renovation to equip it with modern amenities that will support AMA operations. A 320-room luxury hotel is planned for the lower levels of the building in 2013.

“The AMA is an iconic organization, and we’re moving to an iconic building, which will provide a great working environment for our employees and the work we do on behalf of America’s physicians,” said James Madara, M.D., AMA’s executive vice president and chief executive officer.

“The building has landmark status, but with the recent renovations, it will feel very much like a brand new building.”

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