State buys building, plans to move out of Thompson Center
State officials on Wednesday announced the purchase of a 17-story office building in Chicago’s West Loop for $73.25 million, a move Gov. JB Pritzker’s office said will “pay for itself.”
The 429,316-square-foot building at 555 West Monroe is set to become the new office space for over 1,000 Chicago-based state employees currently working in the James R. Thompson Center and other downtown locations leased by the state.
A spokesperson for the state’s department of Central Management Services said that state agencies expect to begin moving into the new building as early as April of this year. Once the move is completed, it will signal the end of the state’s time at the aging Thompson Center on Randolph Street, which has housed the state’s Chicago offices since 1985.
State officials cited staff consolidation and cost-saving measures as primary reasons for the purchase of the new office space.
Read more: https://www.sj-r.com/story/news/2021/01/28/state-buys-building-plans-move-out-thompson-center/4294555001/
(Springfield State Journal Register)
