Savills Oversees Real Estate Planning for Monroe Capital’s Future Chicago Loop Headquarters at 155 N. Wacker

CHICAGO (February 29, 2024) – Savills represented Monroe Capital LLC (“Monroe”) in the upcoming relocation of its Chicago headquarters to 155 North Wacker. The new office space represents an approximate 38% increase in Monroe’s headquarters square footage in support of the company’s consistent long-term growth. The asset management firm will lease 40,000 square feet on more than one and a half high-rise floors at 155 N. Wacker Dr. starting in 2025.

“Monroe Capital sought a long-term solution for its headquarters that included relocating to a trophy asset that offered improved access to in-building and neighborhood amenities,” said Savills Vice Chairman John Goodman, who led lease negotiations for Monroe. “With a focus on maintaining a Wacker Drive address, 155 North provides Monroe with room to continue its growth in a prime location along with all the qualities of a trophy building including excellent views and open light and air. The company is targeting an early 2025 relocation to a newly built workplace, where Monroe will create a modern and energizing environment for its workforce.”

“155 N. Wacker Dr., a debt free asset owned by Morgan Stanley, is benefiting from a recent trend of flight to higher quality and well-capitalized assets by tenants like Monroe. This is further evidenced by several other companies who have announced plans to move to the building,” added Savills Associate Director Brandon Nasatir. “This transaction represents a strong leasing start to the year as many occupiers are taking advantage of an unprecedent tenant-favorable market and are making long-term commitments.”

Along with Goodman and Nasatir, Savills Vice Chairman Eric Feinberg and Managing Director Isabel (Preskill) Schwartz were on the tenant advisory team. 

“We are very proud of the staff and the culture we have built at Monroe over our twenty-year history. Our new Chicago headquarters at 155 N. Wacker will allow us to continue adding exceptional people to support our continued growth. We plan to provide Monroe’s team with a working environment that encourages collaboration and promotes the collegial culture that has been a cornerstone to our success,” said Monroe’s Chief Operating Officer Jim Cassady.

155 North Wacker Drive is a 1.3 million square foot, 46-story tower that offers occupiers ideal proximity to public transportation, expressways, financial institutions, and West Loop attractions. The building features a suite of amenities including a state-of-the-art fitness center, conference facility, and several eatery options alongside views of Lake Michigan, the Chicago River, and the city skyline. The building was represented by Newmark’s Bill Rolander.  

Monroe is a premier asset management firm specializing in private credit markets across various strategies, including direct lending, technology finance, venture debt, opportunistic, structured credit, real estate, and equity.