CRE Midwest

Regus signs 21,000 SF lease at 55 East Monroe

Regus has signed a long-term, 21,000-square-foot lease at 55 East Monroe. The lease will commence in January 2015.

Regus, the world’s largest shared office center operator with more than 2,000 locations around the globe, has signed a long-term, 21,000-square-foot lease at 55 East Monroe. The lease will commence in January 2015.

“The popularity of, and demand for, shared and collaborative work environments is growing exponentially,” said GlenStar’s Christian Domin. “Regus is the leading the way worldwide and we are pleased they have chosen 55 as their latest location.”

55 East Monroe, which is owned by GlenStar Properties and partner Walton Street Capital, was represented by Mr. Domin.

Regus is just the latest company to call 55 East Monroe home. In August, NORC at the University of Chicago signed a 30,000-square-foot lease expansion. In the last 12 months alone, 55 has signed more than 140,000 square feet of news deals. The building is 88% occupied.