The commercial real estate industry honored 16 properties with The Outstanding Building of the Year (TOBY) Award at the first-ever virtual awards ceremony hosted by the Building Owners and Managers Association (BOMA) International. Four of those awards went to BOMA 360 Performance Program-designated properties located in Chicago.
The Corporate Facility award went to 110 North Carpenter—which serves as McDonald’s global headquarters—owned by 110 N. Carpenter, LLC and managed by Sterling Bay. One North Dearborn took the Renovated Building award. This property is owned by OND Property LLC and managed by MB Real Estate Services Inc.
In the 100,000—249,999 Square Feet category, the winner was 1515 West Webster, the Lincoln Yards headquarters of C.H. Robinson. Owned by 1511 W. Webster, LLC, it too is managed by Sterling Bay. Finally, 401 North Michigan took home the prize in the 500,000—1 Million Square Feet category; owned by W-Z NMA Holdings VIII, LP and Invesco Real Estate, the property is managed by Zeller Management Corporation.
The TOBY Awards are the commercial real estate industry’s highest recognition honoring excellence in building management and operations in 16 categories of building type or size. The 2020 competition featured 78 buildings from eight BOMA International regions. These buildings first won a TOBY Award from their BOMA local association and then went on to compete and win at the regional level. Judging is based on criteria that includes community impact, tenant and employee relations programs, energy management, accessibility, emergency evacuation procedures, building personnel training programs and overall quality indicators. A team of industry experts also conducted comprehensive building inspections.