BentleyForbes, a Los Angeles-based commercial real estate investment and operations company, announced its purchase of Prudential Plaza, a landmark Chicago skyscraper campus.

The approximately $470 million acquisition is the company’s largest single-property acquisition to date and also marks the entry of BentleyForbes into the Chicago market. The property features two iconic and historically significant office towers, built in 1955 and 1990 respectively, encompassing 2.2 million square feet on approximately 3.3-acres located in Chicago’s East Loop submarket adjacent to Millennium Park, the 21st Century cultural heart of the city.

BentleyForbes acquired the property from San Francisco-based Shorenstein Properties LLC, a leading sponsor of private real estate investment funds in the United States. The BentleyForbes acquisition team was lead by C. Shane Cates, managing director. The Chicago office of Eastdil Secured brokered the sale transaction, with a team led by Stephen Livaditis, managing director, representing both parties.