Glenstar snags 500 W Monroe St West Loop tower, plans new renovation

  • 6/22/2026

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Chicago Business Journal

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Highlights
Glenstar acquired 500 W. Monroe St. for a reported $100 million.
The 44-story building defaulted on a $270 million JP Morgan Chase loan.
Glenstar plans a hospitality-driven renovation including lobby and amenity upgrades.

Wayzata Investment Partners
Patrick Holloran | Founder/Principal
Glenstar
Jeff Koukol | Executive Director-Development/Acquisitions-Office/Mixed-Use

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