Transwestern Advises Chicago Nonprofit in Strategic Relocation
May 04, 2023
CHICAGO – Transwestern Real Estate Services (TRS) announces Heartland Alliance has signed a 20,941-square-foot lease at 55 East Monroe, a 1.3 million-square-foot building in Chicago. Transwestern Executive Managing Director Andrew Davidson and Executive Vice President David Burkards provided tenant advisory services to Heartland Alliance.
Heartland Alliance is a Chicago-based non-profit that seeks to address poverty's root causes through a multi-faceted approach to fighting for human rights and responding to the violence in communities in the local area and nationally. The company will relocate from 208 South LaSalle to 55 East Monroe later this year. Davidson and Burkards leveraged remote-work trends and a tenant-favorable market to help Heartland Alliance downsize and upgrade its space by taking a new spec suite at 55 East Monroe.
“It was important to find a well-capitalized owner and building that would excite their employees,” said Davidson. “This was especially true in light of recent developments at Heartland’s current building, 208 South LaSalle, which has plans to be converted to residential.”
Situated between Chicago’s East and Central Loop submarkets, 55 East Monroe is a Class A, LEED Gold Certified building that offers views of Millennium Park and amenities such as a fitness center, food court, postal station, retail shops, ample on-site parking and direct access to public transportation.
Christian Domin with GlenStar represented the landlord in the transaction.
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About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, investment management, and opportunistic endeavors for high-net-worth investors. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.
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