Chicago, IL (PRWEB) April 24, 2013
M&J Wilkow and CarVal Investors, owners of 20 South Clark in Chicago, announced today a name change and significant capital improvements to the property beginning in 2013. Plans for the property, formerly known as Two First National Plaza, call for many tenant-focused quality-of-life improvements, including a state-of-the-art fitness center, redesigned common areas and a refreshing of the building's modernist lobby. Additionally, progressive suite build-outs are planned for construction later this year. The suite designs reflect the trend toward open, collaborative floor plans, outfitted with ultra-modern furnishings.
To lead the change, the property will also drop the moniker Two First National Plaza and will simply be known as 20 South Clark. The First National name is a holdover from the property's development alongside siblings First National Plaza, now Chase Plaza, and Three First National Plaza at 70 W. Madison. With namesake First National Bank of Chicago long defunct, the name is no longer relevant to the real estate market.
"We’re bringing a new level of tenant experience to the building. It’s like we’re adding a big splash of color to an already great property," said Martin Sweeney, Executive Vice President of M&J Wilkow. "The property is a strong asset for our portfolio. We anticipate continued growth in the CBD for the foreseeable future, and 20 South Clark is well positioned to serve the needs of businesses of all stripes."
In 2012, 20 South Clark became known as the home of one of Chicago's Coolest Offices. Crain's bestowed this distinction on the green-designed headquarters of the Girl Scouts of Greater Chicago and Northwest Indiana. These accolades, coupled with the upcoming investment in its amenity base, suggest a colorful and promising future for 20 South Clark.