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Associated Consolidates in Downtown Chicago

CHICAGO—Green Bay, Wis.-based Associated Banc-Corp., the parent company of Associated Bank, has consolidated most of its offices here in Chicago into about 35,000 sq. ft. at 525 West Monroe.

The offices that are closing are located at 190 LaSalle and 502 Lake Cook Road in the city. Some employees will remain at Associated offices in Prudential Plaza and Aon Center. The rest of the staff will be located on the 24th and 25th floors at 525 West Monroe. Within its new location, Associated will also have a full-service banking branch on the first floor.

“Our new space at West Monroe offers Associated the opportunity for continued growth,” said Breck Hanson, executive vice president, head of commercial real estate for Associated Bank, in a statement. “The building is ideally located between Union Station and Ogilvie Transportation Center allowing for optimized convenience for customers and colleagues. Additionally, being able to operate within Chicago’s West Loop provides the bank with the ability to connect with key financial markets.”

U.S. Equities brokered the leasing agreement between Tishman Speyer and Associated.

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