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CHICAGO-The owner of Hyatt Center, an affiliate of the Global Hyatt Corp., is exploring an equity recapitalization for the tower at 71 S. Wacker Dr. Also an anchor of the building, the affiliate is interested in retaining a stake in the property.

“It is ownership’s desire to retain an equity and management interest in Hyatt Center,” Penny Pritzker, president, Pritzker Realty Group, LP, the co-developer of the tower, said in a statement. “The building is not only an attractive investment, but, as the corporate headquarters for Global Hyatt Corp. and other Pritzker family-affiliated businesses, there is a strong desire for us to continue the distinctive work environment we have cultivated at Hyatt Center.”

The investment banking firm Eastdil Secured has been appointed the exclusive marketing adviser for Hyatt Center, and ownership has requested that all inquiries are being handled by Stephen J. Livaditis, senior managing director. Ownership has also retained Goldman Sachs as its exclusive financial adviser.

The 48-story, 1.5-million-sf Hyatt Center was completed in 2004 and is the world headquarters of Global Hyatt Corp. and the law firm of Mayer, Brown, Rowe and Maw. The building is also home to Goldman Sachs, IBM and Towers Perrin.

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