Colliers has been awarded the exclusive office leasing and management assignment for 55 East Monroe in Chicago. Colliers’ Principal and head of Downtown Agency Leasing Michael Lirtzman and Vice President Marina Zelenkova now oversee leasing efforts, while Colliers Chicago’s COO Phil Stafford, Account Manager Joell Juracka and Managing Director Susan Lehman will handle the property management transition.
55 East Monroe is owned by PGIM Real Estate, the $206.8 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 the coming months.
55 East Monroe is a 1.25 million-square-foot office tower located in the heart of the Chicago’s East Loop submarket. At 49 stories tall (floors 40 through 49 are luxury condominiums), the property spans an entire city block and is bounded by Wabash Avenue, Monroe Street, Adams Street and an alley to the east. It features 45,000-square-foot floorplates that provide breathtaking views of Lake Michigan and Millennium Park which is just one block away. Built in 1973, the property also features a 900-stall parking garage making it one of one of Chicago’s largest parking facilities within an office building.
In addition, 55 E. Monroe is highly amenitized and features a 3,400-square-foot conference center, a 10,000-square-foot fitness center, a full-service concierge, Forum 55 Food Hall, and a mix of retail conveniences such as FedEx and Chase Bank.
The office tower has achieved the trifecta of industry performance certifications and is Wired Certified Gold and Energy Star and LEED Platinum certified. Notable tenants include Sargent & Lundy, Goldberg Kohn, NORC and Thompson Coburn.