East Loop Scores High-Tech Tenant

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

Punchkick Interactive, Inc., a mobile marketing expert, will occupy 23,401-square-feet at GlenStar’s 55 East Monroe building. The fact that Punchkick was a River North firm could be a sign that amenities like Millennium Park and the growing popularity of the submarket as a residential neighborhood are attracting more office workers to this side of the CBD. The firm will make the move from 22 West Ontario St. later this year.