CHICAGO-Six months after announcing its relocation from Erie, PA to Chicago, GE Transportation signed a lease to take down 53,972 square feet at 500 W. Monroe, located in the West Loop. GE Transportation, a unit of General Electric Co., is taking down the 23rd and 24th floors of the building for its new headquarters.
Last May, GE Transportation CEO Lorenzo Simonelli and Chicago Mayor Rahm Emanuel announced that the company would move from Pennsylvania to Chicago, and between then and now, GE Transportation has been seeking viable options through the city. Helping the company with its search was Jeff Samaras of Cushman & Wakefield. Steve Smith, Gary Kostecki and Brad Despot of Jones Lang LaSalle represented Atlanta-based Piedmont Office Realty Trust, which took ownership resulting from foreclosure of the one-million-square-foot, class A office building in early 2011.
GE already has a presence at 500 W. Monroe. GE Capital currently occupies 308,000 square feet at the building.
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