International Interior Design Association Signs Lease for New Headquarters at 111 East Wacker Drive
Chicago, IL (September 15, 2016)
Savills Studley, the leading commercial real estate services firm specializing in tenant representation, has secured a new long-term lease at 111 East Wacker Drive for the International Interior Design Association (IIDA). With more than 15,000 members, IIDA is dedicated to advocating for and elevating the commercial Interior Design industry with education, outreach, programming, competitions, knowledge-based resources, and more. Global firm Gensler has been tapped to design the space, and Gensler principal Todd Heiser, IIDA, Contract magazine’s 2016 Designer of the Year, will lead Gensler’s team.
Beginning in March 2017, IIDA will be headquartered on the second floor of the class A tower, with over 17,000 square feet of commercial and office space and direct access to the Chicago’s newly revitalized Riverwalk. The organization’s new location will feature over 17,860 rentable square feet of dedicated event and conference space that will allow the Association to provide additional member services, host educational programming, and further expand its reach within the commercial Interior Design profession. In addition, IIDA will have access to the building’s exterior plaza for additional event space.
“As the Association for commercial interior designers, it is our job to embrace change as we support our growing membership and increased visibility within the industry. Our new Headquarters will allow IIDA to better serve our members, pursue new initiatives, and expand our organization’s offerings to the design community,” said Cheryl S. Durst, Hon. FIIDA, LEED AP, Executive Vice President and CEO of IIDA. “With the help of visionary designer Todd Heiser, IIDA, and the team at Gensler, we expect our new Headquarters to be a welcoming and creative workplace that showcases how our industry contributes to the overall health, wellness, productivity, innovation, and happiness of the employees and others who will utilize the space.”
Savills Studley Assistant Director Patrick Brady and Executive Manager Director Lisa Davidson represented IIDA in the transaction. Christy Domin and Michael Kazmierczak of CBRE represented the landlord, AmTrust.
“IIDA is a marquee tenant and one of the more influential organizations in the market,” said Brady. “In addition to securing significant rent savings and favorable concessions at a great building, the move positions IIDA for continued success and future growth while providing new and exciting ways to interact with its members and the public alike.”
International Interior Design Association
IIDA is the Commercial Interior Design Association with global reach. We support design professionals, industry affiliates, educators, students, firms, and their clients through our network of 15,000+ Members across 58 countries. IIDA advocates for advancement in education, design excellence, legislation, leadership, accreditation, and community outreach to increase the value and understanding of Interior Design as a profession that enhances business value and positively impacts the health and well-being of people’s lives every day. iida.org
About Savills Studley
Savills Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, the firm pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, supported by high quality market research and in-depth analysis, Savills Studley provides strategic real estate solutions to organizations across all industries. The firm’s comprehensive commercial real estate platform includes brokerage, project management, capital markets, consulting and corporate services. With 28 offices in the U.S. and Canada, and a heritage of innovation, Savills Studley is well known for tenacious client advocacy and exceptional service.
The firm is part of London-headquartered Savills plc, the premier global real estate service provider with over 30,000 professionals and over 700 locations around the world. Savills plc is listed on the London Stock Exchange (SVS.L).
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