The consulting firm West Monroe Partners said Friday it will double the size of its downtown office next year as part of a plan to add 800 jobs.
The company will move to a new headquarters at 311 W. Monroe St., where it has signed a 12-year lease for 208,000 square feet. It said it will occupy the space in fall 2020 after moving from 222 W. Adams St.
West Monroe said it plans to double its Chicago employment level to 1,600 by 2024. The firm has eight other offices in the U.S.
“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.
The firm Sterling Bay owns the 311 W. Monroe building, which will be renamed West Monroe Partners HQ.
The building’s former anchor tenant, BMO Harris, left in 2014. Sterling Bay bought the nearly vacant 15-story building in 2017 for $60 million and invested in remodeling and amenities, which drew such tenants as the law firm Mayer Brown and the shared office space provider Convene. Amenities include a fitness center, bowling alley and a private bar.
West Monroe was founded in Chicago in 2002 and serves clients in industries such as health care and life sciences, financial services, and energy and utilities.