Welcome to Theo's
Chicago’s Favorite Lounge
Theo’s at The Exchange is Chicago’s favorite lounge and steakhouse. Located in the heart of downtown Chicago, Theo's 50 seat lounge offers the perfect setting for both intimate date nights and casual lunches with friends and colleagues. From prime steaks cooked to perfection, grilled seafood dishes, and unique appetizers, our menu has something for everyone. You’ll also find a selection of curated wines and craft cocktails that pair perfectly with your meal. As the premier steakhouse and lounge in the Loop, Theo’s is a great choice for any occasion.
Available for private events
Specially Curated Wine & Cocktails
Theo's features The Exchange's full dinner menu along with an expanded beverage list with over fifty selections. Our wine list honors mostly organic and biodynamic producers. And our beer list spotlights American craft beers plus imports and domestics.
The Perfect Atmosphere for Private Events
We pride ourselves on creating the ultimate venue for private events and dining. Our private events team is one of the best in Chicago and we'll work with you to create the space, catering, and service that bring your vision to life. Our 50-seat lounge is adorned with viewing screens, soft leather and digital art paired with steel, custom millwork and glass, creating a truly unique ambiance for unforgettable dinners and cocktail parties. Whether it's an intimate gathering or a larger celebration, Theo's offers an immersive atmosphere perfect for any event.
Convenient Location in the Loop
Theo's is located in the heart of the Chicago Loop, adjacent from Grant and Millennium Park and amid the city's best hotels and theaters. If you’re looking for a lounge in downtown Chicago that provides a unique atmosphere, unforgettable dishes, and delightful drinks, then Theo’s at The Exchange is the spot for you.