X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CHICAGO-Nearly 21,000 sf in two new leases have been signed at 55 W. Monroe to law firm Robbins Schwartz Nicholas Lifton & Taylor and independent money manager Lombardia Capital Partners Inc. The new leases bring the 40-story building to 77% occupied.

The law firm, which provides legal services to educational institutions, colleges, municipalities and local governments, signed a long-term lease to occupy nearly 19,000 sf. The firm will relocate to 55 W. Monroe from its current location at 20 N. Clark St. in February 2009. Lombardia will begin occupying almost 2,000 sf in the building in December in another long-term lease.

Nikki Krohn and Gary Kostecki, both with Jones Lang LaSalle, represented building owner LaSalle Investment Management in the transaction. Ben Azulay and Laurence Elbaum, of Bradford Allen, represented the law firm, while Chris O’Leary with Grubb & Ellis represented Lombardia Capital. “We are very pleased that these two tenants have selected 55 W. Monroe for their office needs,” Kostecki said.

The asking lease rate in the building ranges between $18 per sf and $22 per sf net. The 803,000-sf building was designed by Helmut Jahn in 1981 and renovated in 2002 with work on the lobby, elevator cabs and common corridors. Major tenants include FINRA, the law firm Ross, Dixon & Bell LLP, and consulting firm Alvarez & Marsal.

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

Once you are an ALM digital member, you’ll receive:

  • 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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.