New York City
311 West Monroe
Rendering of renovation

311 West Monroe

Chicago, IL

$121.2 Million

1st Mortgage & Mezzanine Loan
Acquisition/Heavy Renovation

311 West Monroe is being re-envisioned as a premier Class A office building in Chicago’s Loop, located just east of Wacker Drive and 3 blocks from Union Station. The sponsor, Sterling Bay, will spend $51.9MM to reposition the building as a Class A asset via a full renovation including elevator modernization, reskinning the facade, new HVAC, building out a roof deck, completing the remaining corridors and restrooms and amenity space.

Building Statistics

  • 388,000
    Square feet
  • 28,000
    Square foot floor plates
  • 4,000
    Square feet retail
  • 15
“ACORE delivered on an aggressive closing timeline while building in valuable flexibility that will allow us to quickly and effectively effectuate our repositioning strategy.”
Ryan Walsh, Sterling Bay

Lance Wright

Managing Director and Head of Central Region Originations
Lance Wright
Office 214.945.1416 Cell 214.236.0955