Glenstar, private investor buy Chicago’s 500 W. Monroe office tower in all-cash deal

• Glenstar bought 500 W. Monroe, a 966,924-square-foot Class A office tower in Chicago, via an all-cash joint venture.
• The property includes a 1,300-stall parking garage; built in 1992; 44 stories.
• Renovation planned with a lobby overhaul, common-area upgrades, new amenities, and rollout of the Glenstar Connect tenant engagement app.
• The building has 572,000 square feet of contiguous availability, described as the West Loop’s largest block.
• CBRE’s Jason Houze, Greg Tait, Aaron Schuster selected to lead leasing; Glenstar to assume asset and property management.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. GlenStar Properties LLC published the original content used to generate this news brief on September 29, 2026, and is solely responsible for the information contained therein.