CHICAGO-ACE USA has renewed its lease at 525 W. Monroe St. through June2022 and is relocating into new space consisting of 60,032 squarefeet. The entity is the US retail operating division of the ACEGroup, which offers more than 170 sophisticated property, casualty,risk-management, and accident and health insurance products andservices through retail brokers.
The company has leased at the 905,000-square-foot building since2000. The building, about 85% leased, is operated by TishmanSpeyer, on behalf of a partnership with the Crown family.
ACE USA was represented in the transaction by Martin Horner,Eric Kunkel and Scott Ohlander of Jones Lang LaSalle. VictoriaNoonan of Tishman Speyer represented the building’s ownership.
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