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CHICAGO-US Equities Realty has won the assignment to manage the $150 million, 1,700-bed residence hall serving three Downtown college campuses. The University Center of Chicago, which will serve students from Columbia College Chicago, DePaul University and Roosevelt University, opens next fall on the southeast corner of State Street and Congress Parkway.

Kenneth A. McHugh, president of the Educational Advancement Fund created by the three universities for the “superdorm” venture, says more than 20 companies received requests for proposals to manage the 18-story property. The building also includes 31,000 sf of ground-floor retail space, a 30,000-sf cafeteria and a 20,000-sf landscaped “green roof” on the third floor.

“US Equities is the premier building operations company in Chicago and offered the greatest expertise in providing comprehensive physical plant and property operations for this facility,” McHugh says.

US Equities’ 40-million-sf management portfolio includes properties owned by the School of the Art Institute and approximately 200 Chicago public schools. The company’s deal with the Educational Advancement Fund is for five years.

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