EQ Office
Chicago, Illinois | |
Number of locations | 80 offices |
|---|---|
Key people | Alex Vouvalides,[1] CEO |
| Website | www |
EQ Office is a
History
The company was founded in 1976 by Sam Zell.[2] In 1997, the company acquired Lakeside Square in North Dallas for $60 million.[3] In 2003, the company gained control of the San Francisco Ferry Building.[4]
In 2005, the company sold 5 buildings in San Francisco for $400 million.[5] The company also acquired a portfolio in California for $263 million.[citation needed] In 2006, the company acquired Pointe O'Hare I, an office building near O'Hare International Airport for $59 million[6] and a property in Boca Raton, Florida for $29.5 million.[7] The company also acquired half-interest in two Miami office buildings for $249.8 million.[8]
In February 2007, after a bidding war with
In January 2014, the company sold 1-3 Center Plaza in Boston to Shorenstein Properties for $307 million.[12] In April 2014, the company sold 28 State Street for $345 million.[13] In December 2014, the company sold its portfolio in Silicon Valley to Hudson Pacific Properties for $3.5 billion.[14] In 2015, the company acquired the Willis Tower for $1.3 billion.[15]
In 2017, the company sold a property in
Investments
Notable properties owned by the company are as follows:
- 100 Summer Street
- 1740 Broadway
- 350 North Orleans
- Docusign Tower
- San Francisco Ferry Building
- U.S. Bank Center (Seattle)
- Wells Fargo Center (Minneapolis)
- Willis Tower
References
- ^ "EQ Office Appoints Alex Vouvalides as Chief Executive Officer".
- ^ Jonas, Ilaina (January 19, 2007). "Blackstone to buy Equity Office". Reuters.
- ^ Garrison, Trey (October 26, 1997). "Equity Office set to close on Lakeside Square deal". American City Business Journals.
- ^ Ginsberg, Steve (January 12, 2003). "Divorce sends Ferry Building to Equity Office". American City Business Journals.
- ^ Wilson, Lizette (April 13, 2005). "Hines buys Equity Office' portfolio for $400M". American City Business Journals.
- ^ CORFMAN, THOMAS A. (February 22, 2006). "Equity Office buys Pointe O'Hare I building". Chicago Tribune.
- ^ Lunsford, Darcie (May 31, 2006). "Equity Office buys in Boca Raton, more may come". American City Business Journals.
- ^ "Equity Office buys parts of Miami office towers". American City Business Journals. October 5, 2006.
- ^ Pristin, Terry (February 10, 2007). "After Acquiring Equity Office, Blackstone Begins Selling It". The New York Times.
- ^ Natarajan, Prabha (April 11, 2007). "Blackstone completes sale of Equity Office's D.C. portfolio". American City Business Journals.
- ^ "Blackstone's Equity Office buys Hughes Center in Las Vegas". Reuters. September 23, 2013.
- ^ Grillo, Thomas (January 9, 2014). "Blackstone's Equity Office sells 1-3 Center Plaza for $307 million". American City Business Journals.
- ^ Grillo, Thomas (April 2, 2014). "Blackstone's Equity Office unloads 28 State St. for $345M". American City Business Journals.
- ^ Donato-Weinstein, Nathan (December 7, 2014). "Blackstone to sell Equity Office Silicon Valley portfolio to Hudson Pacific for $3.5 billion". American City Business Journals.
- ^ Harris, Melissa (March 16, 2015). "Willis Tower to be sold for $1.3 billion to Blackstone Group". Chicago Tribune.
- ^ Bitters, Janice (May 19, 2017). "North San Jose office with long-term tech tenant sells for $82M". American City Business Journals.
- ^ Hirsh, Lou (September 10, 2017). "UTC Medical Office Campus Sold for $97M". American City Business Journals.
- ^ Lash, Herbert (June 20, 2018). "Equity Office embraces flexible workspace, adopts EQ Office name". Reuters.
- ^ Miller, Brian (July 1, 2019). "EQ Office buys 2 downtown Seattle high-rises for $1.2B". Seattle Daily Journal of Commerce. Retrieved September 1, 2023.