Completion of $8 million, state-of-the-art amenity center at BGO’s 200 West Madison fuels 189,000 SF in leasing activity
Chicago (May 20, 2025) – BGO, a leading global real estate investment manager, completed an $8M amenity center within its Class A, LEED® Gold certified office building at 200 W. Madison in Chicago with world renowned design and architecture firm Gensler. This state-of-the-art amenity center has contributed to a surge in leasing activity at the building; CBRE has arranged 189,000 square feet of new leases and renewals over the past 16 months across 20 transactions.
The leasing team led by CBRE’s Jason Houze, Michael Kazmierczak, and Aaron Schuster completed 84,443 square feet of new transactions including Wallace Miller, Sanchez Daniels & Hoffman, NOVO Advisors, Aerotek, Beyond Risk, and Houlihan Capital, as well as 105,068 square feet of renewals and expansions including The Hartford Insurance, UB Greensfelder LLP, PJT Partners, Pinnacle Actuarial Resources, Inc., Dehay & Elliston, Crystal Equation Corporation, and Savant Capital.
The full-floor amenity center includes a fireplace lounge and co-working areas, a fitness center with top-of-the-line equipment and locker rooms with showers, conferencing center, large boardrooms and a game room equipped with a golf simulator, pool table and shuffleboard. The space is professionally managed and operated by The Experience Group, with monthly events for tenants and a dedicated team to help tenants execute their own events and experiences.
“There is a flight to quality assets that we see in every major market, and while amenities continue to be an important factor in attracting prospective tenants, it is about more than just creating the amenity spaces – it’s about how those spaces are activated to improve the tenant experience,” said Rob Naso, Managing Partner and Head of U.S. Asset Management at BGO. “The landlord-tenant relationship has evolved, and we believe it is our responsibility to help tenants provide their employees with the workspaces and experiences that drive productivity, performance, connection, health and wellness.”
These best-in-class amenities and offerings were validated when 200 W. Madison was named Outstanding Building of the Year by BOMA Chicago at the 2024 TOBY Awards. Property management is overseen by JLL, and Lisa Baldwin, Senior General Manager at the property was recently recognized as the JLL Midwest Region Property Manager of the Year. Among several sustainability credentials it has achieved, 200 W. Madison is the first building in Illinois, and the second worldwide, to have secured LEED® Gold certification using the new LEED® Dynamic Plaque™.
“Owning the building debt-free allowed BGO to give tenants peace of mind knowing there is strong, institutional ownership behind the lease,” said Houze. “They have made a sizable investment in hospitality-inspired amenities that align with what today’s top companies value for recruitment and retention”
Over the past year, BGO delivered two MIRO (Move-In Ready Office) suites in the building, and leases were executed within the first month of delivery for both, further highlighting the demand for well-designed, readily available space in buildings that are highly amenitized and located near transit.
Approximately 133,000 square feet of space is available in the building, with spaces ranging from 2,000 square feet up to 75,000 square feet.
About BGO
BGO is a leading, global real estate investment management advisor and a globally-recognized provider of real estate services. BGO serves the interests of more than 750 institutional clients with approximately $86 billion USD of assets under management (as of March 31, 2025) and expertise in the asset management of office, industrial, multi-residential, retail and hospitality property across the globe. BGO has offices in 27 cities across thirteen countries with deep, local knowledge, experience, and extensive networks in the regions where we invest in and manage real estate assets on behalf of our clients in primary, secondary and co-investment markets. BGO is a part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life.
The assets under management shown above includes real estate equity and mortgage investments managed by the BGO group of companies and their affiliates, and as of 1Q21, includes certain uncalled capital commitments for discretionary capital until they are legally expired and excludes certain uncalled capital commitments where the investor has complete discretion over investment.
For more information, please visit www.bgo.com
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2022 revenue). The company has approximately 115,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.
Please visit our website at www.cbre.com.
Media Contacts
Casey Davison
+1 314-655-5825
casey.davison@cbre.com
Rahim Ladha
media@bgo.com
