Savills, a leading global real estate services provider, has successfully represented asset management firm Monroe Capital LLC in the relocation of its Chicago headquarters to 155 North Wacker. The move will see an increase of approximately 38 percent in square footage for the firm, with plans to lease 40,000 square feet across one and a half high-rise floors starting in 2025.
The tenant advisory team at Savills was led by Vice Chairman John Goodman and included Associate Director Brandon Nasatir, Vice Chairman Eric Feinberg and Managing Director Isabel (Preskill) Schwartz. Newmark’s Bill Rolander represented the building.
According to Goodman: “Monroe Capital sought a long-term solution for its headquarters that involved relocating to a premier property offering enhanced access to both on-site amenities as well as those within the surrounding neighborhood.” The state-of-the-art tower at 155 North Wacker Drive spans over one million square feet across 46 stories and boasts top-notch facilities such as a fitness center, conference facility and dining options with stunning views of Lake Michigan.
Nasatir adds: “As tenants like Monroe continue their trend towards higher quality assets owned by strong financial backers such as Morgan Stanley – who owns this debt-free property – we are seeing increased demand for properties like this.”
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