Property announces new tenants and updated amenities focused on today’s workplace preferences
SOUTHFIELD, Mich., June 13, 2013 – Southfield, Mich.-based Farbman Group, a leading full-service real estate company, announced the completion of upgrades at its 200 West Monroe property in Chicago, as well as a number of new tenant leases. Andrew V. Farbman, CEO of Farbman Group, made the announcement.
The building, which is now more than 80 percent occupied, is located at the corner of West Monroe and S. Wells in the heart of Chicago’s West Loop. Understanding the changing preferences of today’s workforce, Farbman Group invested in the building’s lobby to make it more inviting with contemporary furniture, brighter lighting and other amenity upgrades.
In addition to a new and improved lobby, the property now also offers tenants an available state-of-the-art conference center, which has both a boardroom and a larger capacity training room, that provides a cost-effective solution for tenants to meet with up to 75 people when necessary. The building also offers a range of spec suites—a great solution for growing businesses who want to avoid any potential downtime during an office move—with both open and closed ceilings from fully appointed, move-in ready units, to unfurnished spaces that offer numerous design options.
In addition to these new forward-thinking building upgrades, 200 West Monroe also offers many in-house amenities for tenants—including an Equinox gym and multiple eateries, all offering tenants ease of accessibility during business hours.
“Our goal was to make an already great property even better with the addition of our conference center, spec suites and an inviting lobby area,” said Farbman. “200 West Monroe is in a great location—it is steps from the “L,” bus stops, parking, restaurants, retail and hotels. Understanding the increase on work demands, and evolving preferences of tenants, Farbman Group is committed to offering tenants state-of-the-art features to help them improve efficiency and enrich their work day experience, and these upgrades help us do just that.”
Farbman Group has recently completed the following lease agreements in the building:
- Aerotek, Inc. leasing 9,574 square feet; the Landlord was represented by MB Real Estate Services and the tenant was represented by Colliers and Cassidy Turley.
- Ditto Holdings, Inc. leasing 4,457 square feet; The Landlord was represented by JF McKinney & Associates and the tenant was represented by Colliers.
- NWS Architects, Inc. leasing 3,963 square feet; The Landlord was represented by MB Real Estate Solutions and the tenant was represented by Lee and Associates of Illinois.
- Paul S. Franciszkowicz, Kathryn T. McCarty and Mark R. Singler, leasing 1,457 square feet. The Landlord was represented by JF McKinney & Associates and the tenant was represented by CBRE.
For more information about 200 West Monroe, please contact MB Real Estate at 312-726-1700.
Founded in 1976, Farbman Group is a leading full-service real estate firm handling all facets of real estate transactions, from property management and leasing to acquisition and disposition. The firm manages more than 25 million square feet of office, retail, multi-family and industrial space throughout the Midwest. For more information, please visit www.farbman.com.