Piedmont Takes 500 W Monroe
In its role a mezz lender, Piedmont Office Realty Trust has taken over the 46-story 500 W. Monroe building. The 969k SF property was on the verge of being auctioned off in Q3 2010.
|Broadway Partners will still maintain an interest in the building, which has a 369k SF vacant block on the top floors. Piedmont is currently interviewing brokers to list that space. Broadway bought the building for $337M in 2007. Located near Union and Ogilvie Stations, the site is prime real estate for suburban commuters.|