Rialto Capital, a national real estate investment and asset management company and local boutique Ironline Partners (Karber, O’Neil, principals) are celebrating the newly acquired 111 West Monroe tower’s 50th anniversary. 111 West Monroe is under renovation and actively welcoming the most creative office and retail tenants in Phoenix’s growing CBD.
“The ‘new’ 111 West Monroe is such an important building block in the evolution of downtown,” said Mark Stapp, Executive Director, Master of Real Estate Development at Arizona State University. “Rialto and Ironline have the right partnership to move beyond simply having unique architecture, into truly being a dynamic cultural and economic space that stands apart from the rest.”
The new owners admire the location because its history, core urban setting, which they consider ideal for both large corporations and small, entrepreneurial businesses. Not to mention, 111 West Monroe sits right in the center of all the excitement, amenities and infrastructure Phoenix has to offer. There’s no denying the quality, convenience and visibility of this spot on the map.
“We are genuinely excited to move into 111 West Monroe and become part of the exciting downtown fabric. We chose the building based on its outstanding value, great location and cool, old-school feel,” said Mark Graf, Senior Associate of CannonDesign.
They will share their new address with Mornin’ Moonshine, a gourmet coffee concept developed by local architect and restaurateur, D.J. Fernandes from Tuck Shop, Astor House and Vovomeena. “By moving beyond the formulaic ‘corporate coffee’ approach, we are creating an interesting place in this unique building.”
According to Don Keuth, President of Phoenix Community Alliance, “The 111 West Monroe gem couldn’t be in better hands. This is what we hope for in business development — a group with the firepower to
‘make it happen’ and that local touch to ‘make it special’.”
This building stood out among its peers when it first rose 50 years ago. Clearly, 111 West Monroe’s owners, brokers and tenants have a return to prominence well within reach.
Charles Miscio and Danny Plapp of Colliers International have the office leasing assignment.
Main (602) 222-5000
Courtney Auther and Brian Kocour of Cushman and Wakefield have the retail leasing assignment.
Main (602) 229-5967