Wabtec Signs Full-Floor Lease Extension at 500 W. Monroe
Avison Young and JLL have arranged a 10-year lease extension for Westinghouse Air Brake Technologies Corporation (Wabtec) on a full floor at Spear Street Capital’s 500 W. Monroe St. in downtown Chicago’s West Loop. The 26,976-square-foot lease provides for future space needs.
“Companies are seeking high quality spaces to support the needs of their employees,” said Damla Gerhart, principal and managing director of Avison Young’s Chicago office. “An existing tenant making this lease commitment is a clear indication that our central business district remains resilient, and companies see a bright future ahead,”
Spear Street Capital was represented by a partnership of principal Danny Nikitas and VP Melissa Hemberger, who are based in Avison Young’s Chicago office, and JLL senior managing director Brad Despot and SVP Kerry Middleton. Wabtec was represented by JLL SVP Alexa Jennings and VP Amy Craig and by Phil Geiger, managing director of Stream Realty Partners.