CHICAGO—Accesso Partners, LLC has placed a number of big bets on the regional office market, and its officials say they have made significant progress with adjacent office towers 200 and 230 W. Monroe in Chicago's West Loop. The Hallandale Beach, FL-based Accesso, formerly known as Beacon Investment Properties, LLC, acquired the properties last year, and has leased 149,780 square feet to new and existing tenants in the past four months.

“The leasing momentum reinforces our belief that the transportation advantages of a West Loop address has a major appeal to tenants with workforces that commute or, increasingly lives downtown,” says Ariel Bentata, managing partner, investments for Accesso. He notes the two office towers have immediate proximity to the El, suburban commuter trains and bus service. “We're essentially a block away from all three transit modes.”

Visanow, a global immigration processing firm, for example, has leased 30,500 square feet on the 27th and 28th floors of 230 West Monroe, consolidating operations from several other Chicago buildings. And Great American Insurance Corp., a specialty property and casualty insurer, has leased 17,645 square feet on the 29th floor.

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Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.