CHICAGO—The East Loop has sometimes suffered in comparison withthe hot neighborhoods of River North and the West Loop, butGlenStar Properties, LLC just signed a significantlease in the submarket with a sought-after tenant.

Punchkick Interactive, Inc., a mobile marketingexpert, will occupy 23,401-square-feet at GlenStar's 55 East Monroebuilding. The fact that Punchkick was a River North firm could be asign that amenities like Millennium Park and the growing popularityof the submarket as a residential neighborhood are attracting moreoffice workers to this side of the CBD. The firm will make the movefrom 22 West Ontario St. later this year.

“Punchkick is representative of high growth potential technologytenants that landlords covet,” said GlenStar managing directorChristian Domin, in a prepared statement. He wasnot available by press time, but GlobeSt.com will post an update onMonday. “As these newer firms mature they come to a point whereadditional resources, access to amenities and diversetransportation options become critical to sustaining operations andrecruiting a talented work force.”

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.