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Transwestern Guides Nonprofit to New Loop Headquarters
Transwestern Real Estate Services (TRS) said Heartland Alliance had signed a 20,941-square-foot lease at 55 East Monroe, a 1.3 million-square-foot building in Chicago’s Loop. Executive managing director Andrew Davidson and EVP 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. 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.”
Christian Domin with Glenstar represented ownership.
- ◦Lease
