Monroe Capital Expands Chicago HQ with 38% More Office Space

Savills Facilitates Strategic Move

Monroe Capital LLC, an asset management firm, enlisted Savills for its forthcoming relocation to 155 North Wacker in Chicago. The new office space represents a substantial 38% increase in square footage, comprising a lease for 40,000 square feet spanning more than one and a half high-rise floors. The scheduled move is set to take place in 2025.

Tenant Advisory Team and Representation

The tenant advisory team, led by Savills Vice Chairman John Goodman, played a crucial role in lease negotiations. Alongside Goodman, the team included Associate Director Brandon Nasatir, Vice Chairman Eric Feinberg, and Managing Director Isabel (Preskill) Schwartz. Newmark's Bill Rolander represented the building in the transaction.

Strategic Considerations for Monroe Capital

John Goodman emphasized Monroe Capital's pursuit of a long-term solution for its headquarters, focusing on relocating to a prestigious asset. The strategic move aimed to provide improved access to both in-building and neighborhood amenities, aligning with the firm's growth and operational objectives.

The Appeal of 155 North Wacker Drive

The chosen location, 155 North Wacker Drive, boasts a 1.3 million square foot, 46-story tower. This high-profile building features a range of amenities, including a state-of-the-art fitness center, conference facility, and eateries offering scenic views of Lake Michigan. The move to this trophy asset signifies Monroe Capital's commitment to an enhanced workspace.

The successful coordination between Savills and Monroe Capital reflects a strategic real estate decision, positioning the asset management firm for future growth and operational efficiency. The appeal of 155 North Wacker Drive aligns with Monroe Capital's vision for a headquarters that combines functionality with premium amenities.