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Sterling Bay Announces 311 W Monroe is Fully Leased
As reported by Crain’s Chicago Business, Sterling Bay is proud to announce that the newly-renovated 311 W Monroe, an office building located in the heart of Chicago’s Loop business district, is now fully leased with the signing of national management and technology consulting firm, West Monroe Partners.
The Chicago developer acquired the nearly vacant 15-story office building in 2017 and commenced a major capital improvement program to reposition and modernize the property with open floor plans and best-in-class amenities including an indoor/outdoor lounge, private bowling alley and gaming area, a state-of-the-art fitness center and private parking.
“The success we’ve seen in leasing 311 W Monroe validates our effective repositioning of this property into a top-tier office building that exceeds today’s standard for a next-level tenant experience,” said Andy Gloor, CEO of Sterling Bay. “We’re proud that the unique vision we had for this property when it was first purchased has come to life and that the tenants who now call 311 W Monroe home are enjoying a truly preeminent business resource in the heart of Chicago.”
View press release below for more details.
Sterling Bay Announces 311 W Monroe is Fully Leased
Chicago developer signs lease with West Monroe Partners to achieve full occupancy at Loop office property
CHICAGO – (OCTOBER 4, 2019) Sterling Bay, the Chicago-based real estate investment and development firm, is proud to announce that the newly-renovated 311 W Monroe, an office building located in the heart of Chicago’s Loop business district, is now fully leased with the signing of national management and technology consulting firm, West Monroe Partners.
Sterling Bay acquired the nearly vacant 15-story office building in 2017 and commenced a major capital improvement program to reposition and modernize the property with open floor plans and best-in-class amenities. Other tenants at the property include Convene and Mayer Brown. With the signing of a 12-year lease starting in 2020, West Monroe Partners becomes the anchor tenant and has named the building West Monroe Partners HQ. It brings 800 Chicagobased employees to the space.
Sterling Bay’s reimagining of the space at 311 W Monroe, a building originally constructed in 1972, features fresh design and a robust tenant amenity package that is redefining the standard for modern office space in the City. Tenants of the property now enjoy an indoor/outdoor lounge, private bowling alley and gaming area, updated event spaces and conference facilities, an 8,000-square foot fitness center, and private parking. Infrastructure improvements include updated plumbing, HVAC, fire protection, electrical systems, and new elevators.
“The success we’ve seen in leasing 311 W Monroe validates our effective repositioning of this property into a top-tier office building that exceeds today’s standard for a next-level tenant experience,” said Andy Gloor, CEO of Sterling Bay. “We’re proud that the unique vision we had for this property when it was first purchased has come to life and that the tenants who now call 311 W Monroe home are enjoying a truly preeminent business resource in the heart of Chicago.”
The building is located on the corner of Franklin Street & Monroe Street, an established center for Chicago business surrounded by multiple modes of public transit and various neighborhood amenities.
“With 311 W. Monroe, we found a unique opportunity to establish a new headquarters that supports our extraordinary long-term growth plans,” said Kevin McCarty, President and CEO of West Monroe Partners. “We now have a building to match our undeniably different culture and commitment to Chicago. The amenities and location were a big draw for our firm which has been recognized as a best place to work in Chicago for several years in a row.”
To learn more about 311 W Monroe please visit westmonroepartnershq.com.
ABOUT STERLING BAY
Sterling Bay is a dynamic and innovative Chicago-based real estate investment and development company with a breadth of expertise spanning all aspects of real estate ownership. Sterling Bay is a leader in creating urban campus headquarters for prominent companies such as Google, McDonald’s, Uber, Glassdoor, Dyson, Hillshire Brands, and Pinterest. The firm has been consistently recognized for its award-winning projects and successful track record of transforming spaces and enhancing communities. Today, Sterling Bay maintains a $5 billion real estate portfolio and a rapidly growing, passionate team of more than 225 employees. For more information please visit www.sterlingbay.com.
MEDIA CONTACT
Julie Goudie
jgoudie@sterlingbay.com
312.202.3471
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