200 WEST MONROE

BUILT

1975

ACQUIRED

2003

LOCATION

Chicago | Loop

TYPE

Redevelopment Management, Property Management & Leasing

SIZE

Floors

SF

Project Summary

  • JBC was hired on October 2003 as a part of an acquisition by JBC Fund II
  • Executed a lease buyout for 403,000 SF at 90% of lease obligation
  • Negotiated a 113,000 SF vertical subdivision for office condominium space
  • Increased occupancy from 27% to 84% in 18 months
  • Completed a $2.4 million exterior entrance, lobby, and elevator cab renovation
  • Completed ten common corridor renovations including washroom upgrades
  • Completed installation of building fire protection system and building security system
  • Negotiated discounted parking rates for building tenants at adjacent 1,110 stall parking facility
  • Assisted in negotiations to vertically subdivide 113,000 SF of space purchased by the Jewish Federation of Chicago
  • Represented the landlord in overseeing physical division of space purchased by the Jewish Federation. Coordinated infrastructure and utilities for Jewish Federation of Chicago, including re-route/cut over of below grade telephone services, new elevators, MEP, life safety and security.