Representative Properties
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55 East Monroe — Chicago, IL
1.5 Million-SF, 49-Story Office Building

President’s Plaza — Chicago, IL
810,000-SF Office Complex

Willow-Sanders Property — Cook County, IL
Mixed-Use Development

263 Shuman Boulevard — Naperville, IL
350,000-SF Office Building

International Tower — 8550 W. Bryn Mawr, Chicago, IL
350,000-SF Office Building

Cumberland Centre – 5440 N. Cumberland Ave, Chicago, IL
330,000-SF Office Complex

120 East Liberty Drive, Wheaton, IL
118,000-SF Office Building

2350 Ravine Drive, Glenview, IL
45,000-SF Medical Office Building

CompUSA - 2840 S. Highland Ave, Lombard, IL
25,757-SF Freestanding Retail

8930 Waukegan Road, Morton Grove, IL
45,000-SF Office Building

Other Recent Developments

1850 Enterprise Drive, Westchester, IL - 70,000-SF Office Building
2401 Ravine Drive, Glenview, IL - 80,000-SF Office Building
9000 Waukegan Road, Morton Grove, IL - 125,000-SF Medical Office Building
200 Highland Avenue, Lombard, IL - 60,000-SF Retail Shopping Center

 

55 East Monroe, Chicago, IL
1.5 Million-SF, 49-Story Office Building

Opportunity

  • Acquired in late 2005
  • 85% leased, soon to be 70%
  • Top third of the building available

Result

  • Vertically subdivided the building and converted the top portion (floors 40-49) into The Park Monroe luxury residential condominiums
    • Featuring unobstructed lake and park views in one of the city's most desirable locations
    • Divided into two phases, beginning with 162 homes delivered in early 2009
    • One- to three-bedroom condominiums plus duplex penthouses
    • Luxury amenities include a swimming pool, theatre, community room and fitness center
  • Completed various HVAC, common area, elevator and parking garage improvements to the remaining 1.2 million square foot office building
  • Increased building occupancy to above 90%
  • Earned the 2009 NAIOP Annual Award for "Office Re-Development of the Year"