311 West Monroe Slated For Major Facelift
Ideal opportunity for large, single user who wants to enhance brand recognition in the City
CHICAGO, IL (June 24, 2015) – Seven months after acquiring 311 West Monroe, GlenStar Properties is set to kick-off a major re-development of the 380,000-square-foot office tower.
Plans are in the final stages and will include a new “gut to studs” lobby and elevator cab renovations. In what will have the most dramatic impact, GlenStar will also unveil a building redesign concept that calls for re-skinning the building with a new, energy efficient glass envelope.
The entire building will be offered for lease making it the largest contiguous block of space available in the downtown Chicago CBD.
“We are excited to bring a whole building opportunity to market,” said GlenStar Managing Principal Rand Diamond.
Located in the heart of the West Loop near most of the City’s recent new developments and in an amenity rich environment, 311 West Monroe offers today’s office users everything they have come to expect in a Class A office building – high-end amenities, a robust technical infrastructure, desirable location and gorgeous finishes. And its unique, 28,000-square-foot side core configured floor plates allow for a wide-open, collaborative floor plan and expansive views.
Further, 311 West Monroe presents a major branding opportunity for signage and identity including a premium ground floor retail presence.
“This building is highly desirable for users who want a collaborative work environment and who are looking to elevate their presence in the City of Chicago,” added GlenStar Managing Director Christian Domin. “It’s truly a unique opportunity to redefine a firm’s corporate environment.”
Adding to the building’s attractiveness is its cost and availability – 25 percent less expensive than new development and ready to lease immediately.
With the acquisition of 311 West Monroe, GlenStar has redeveloped in excess of 5.0 million square feet of premier commercial space in the Chicagoland area including the Chicago Board of Trade Building, 55 and 65 East Monroe, Continental Towers and President’s Plaza.