Colliers’ office leasing team of Michael Lirtzman, Marina Zelenkova, and Michelle Levy has arranged a 13,355-square-foot lease with Analytics8 at 55 East Monroe in Chicago on behalf of ownership. The space, which is more than double the data analytics consulting firm’s current 6,000-square-foot office footprint at 150 N. Michigan, will serve as Analytics8’s U.S. headquarters.
55 East Monroe is a 1.25 million-square-foot office tower located in the heart of Chicago’s East Loop submarket. At 49 stories tall (floors 40 through 49 are luxury condominiums), the distinctive landmark in the city’s skyline spans an entire city block and is bounded by Wabash Ave., Monroe St., Adams St. and an alley to the east. It features 45,000-square-foot floor plates that provide views of Lake Michigan and Millennium Park just one block away. There is a 750-stall parking garage on-site, one of the city’s largest parking facilities located within an office building. The highly amenitized property also features a 3,400-square-foot conference center, a 10,000-square-foot fitness center and the 10,000-square-foot Forum 55 Food Hall. It is Wired Certified Gold and Energy Star and LEED Platinum certified.
More than 90,000 square feet of leases have been signed at 55 E. Monroe within the last seven months illustrating the positive impact a dedicated owner and high-quality building can have on leasing momentum despite a challenging market. Recent deals include Heartland Alliance’s new, 20,941-square-foot lease; Cotsirilos, Tighe, Streicker, Poulos & Campbell’s new, 5,831-square-foot lease; Helios Healthcare Advisors’ new, 3,232-square-foot lease; Acciona Energy’s 20,688-square-foot renewal/expansion; General Services Administration’s 18,400-square-foot lease expansion; and Patrick Engineering’s 8,096-square-foot renewal.
55 East Monroe is owned by PGIM Real Estate, the $210.0 billion real estate business of global asset manager PGIM, through its U.S. core equity strategy. PGIM Real Estate has announced plans to upgrade 55 East Monroe’s common areas, including the lobby, conference center and other amenity spaces, in 2024.
Bespoke Commercial Real Estate’s Victor Sanmiguel represented Analytics8 in the transaction.
