CHICAGO – West Monroe Partners, a national business and technology consulting firm, today announced it is moving its corporate headquarters to 311 W. Monroe St. The company signed a 12-year lease deal with Sterling Bay, a Chicago-based real estate developer that owns the building. As the anchor tenant, the firm has naming rights and the building will be officially called West Monroe Partners HQ.
West Monroe, which has nine total offices across the United States, decided to move its Chicago office and headquarters to accommodate extraordinary growth. The firm announced plans in August 2017 to double its workforce within five years. At that time, the firm had 850 employees, and today the firm has 1,450 employees – far surpassing its growth projections by nearly doubling in just two years.
The lease for the new space runs from 2020 to 2032 and covers more than 208,000 square feet spanning eight floors. Sterling Bay acquired the nearly vacant 15-story office building in 2017 and through major capital improvements, modernized the property with open floor plans and best-in-class amenities. Other tenants at the property include Convene and Mayer Brown.
“We had a unique opportunity with this deal to establish a place that we can call home for more than a decade—and a headquarters that will accommodate our aggressive expansion plans during that time,” said Kevin McCarty, West Monroe’s president and CEO. “With ‘West Monroe Partners HQ,’ clients, partners, employees, and friends will all be able to come together under the growing West Monroe umbrella to experience our undeniably different culture and purpose.”
Employees will move into the new space in Fall 2020. The company’s current headquarters is at 222 W. Adams St., in The Franklin, where it has been since 2012 and currently leases 104,000 square feet. From 2006 to 2012, the firm was located at 175 W. Jackson St.
“While the move is only across the street, it is a significant moment for our employee-owners at West Monroe who have all played a role in the growth that has brought us to where we are today,” said Doug Armstrong, West Monroe’s chief operating officer. “We are proud of this milestone and look forward to creating a headquarters that is designed to support the firm’s unique culture and employee experience and drive value for our clients.”
The building’s location is in the heart of Chicago’s Loop and in close proximity to various modes of transportation. It also boasts several tenant amenities, including a fitness center, a bowling alley, a penthouse indoor/outdoor floor, private bar, vault room, conference facilities, a bike room, and more.
“We’re proud that a top-tier consulting firm like West Monroe Partners has selected 311 W. Monroe as home to its new headquarters,” said Andy Gloor, CEO of Sterling Bay. “The unique renovation and reposition of the property for a next-level office experience in the Loop has truly come to life. We’re confident that West Monroe will continue to grow its business and succeed at this location for many years to come.”
West Monroe was founded in Chicago in 2002. The Chicago office and headquarters include a rapidly growing team of business consultants and deep technologists that serves clients in key industries, including healthcare and life sciences, financial services, energy and utilities, consumer and industrial products, and private equity. The firm’s corporate headquarters is also home to a vast majority of the firm’s Shared Services teams that span finance, marketing, operations, legal, HR, and more.
About West Monroe Partners
West Monroe is a national business and technology consulting firm that partners with dynamic organizations to reimagine, build, and operate their businesses at peak performance. Our team of more than 1,400 professionals is comprised of an uncommon blend of business consultants and deep technologists. This unique combination of expertise enables us to design, develop, implement, and run strategic business and technology solutions that yield a dramatic commercial impact on our clients’ profitability and performance. For more information, visit www.wmp.com.