Vi Signs a Lease in Willis Tower
July 16, 2019
Savills has completed a 30,405-square-foot lease on behalf of national developer, owner and operator of high-end continuing care retirement communities, Vi, in Chicago’s Willis Tower at 233 S. Wacker Dr.
Vi will move from its current space at 71 S. Wacker Dr., to the new location in early 2020. The long-term lease encompasses the entire 84th floor.
Willis Tower, which is undergoing a more than $500 million renovation project that is the biggest restorative transformation in the building’s 46-year history, was selected for its location and expansive tenant amenities, including Tone, the 30,000-square-foot fitness center; Tower House, the casual café and lounge on the 33rd floor; and event spaces like Altitude and the Steel Room. The location provides greater reach in conducting business and supports the company’s continued emphasis on attracting, inspiring and retaining the best talent and offering an exceptional working environment. Vi was recently honored with the Glassdoor Employees’ Choice Award, recognizing the best places to work in 2019.
“We are excited about our move to Willis Tower,” said Vi Chief Financial Officer Gary Smith. “The building, as well as the highly-desired Loop location, is exactly what we were looking for in our new space.”
Savills Vice Chairman and Director Lisa Davidson and Midwest Region Lead Joe Learner advised Vi on the transaction. Senior Managing Director Rich Dale and Director Loredana Perri, members of the firm’s Project Management practice, are overseeing the office build-out.
“The West Loop continues to attract tenants from a wide range of industries,” said Davidson. “Vi’s move further demonstrates that long-standing, forward-thinking companies are interested in redeveloped buildings like Willis Tower for their dynamic atmosphere, amenities and location.”
Nikki Kern, Jamey Dix and JD Parcheta at Telos Group represented the owner, EQ Office.
About Savills Inc.
Savills helps organizations find the right solutions that ensure employee success. Sharply skilled and fiercely dedicated, the firm’s integrated teams of consultants and brokers are experts in better real estate. With services in tenant representation, workforce and incentives strategy, workplace strategy and occupant experience, project management, and capital markets, Savills has elevated the potential of workplaces around the corner, and around the world, for 160 years and counting.
About Willis Tower
Located at 233 S. Wacker Drive in the heart of downtown Chicago, Willis Tower is an urban destination and state-of-the art workplace that welcomes prominent businesses ranging from law firms to large airline corporations to insurance companies. Standing 1,450 feet and 110 stories tall, Willis Tower has the region's most breathtaking views of Chicago and Lake Michigan. Willis Tower's Skydeck attracts more than 1.7 million visitors each year with its inviting hospitality and memorable experiences, all under one roof. In early 2017, Blackstone and EQ announced plans for the biggest restorative transformation project in the building's 46-year history. The $500 million renovation project now underway will add more than 300,000 square feet of new retail, dining and entertainment space at the base of the tower, 150,000 square feet of new tenant amenity spaces, and a 30,000 square-foot outdoor deck and garden. As part of the renovation, the U.S. Green Building Council awarded Willis Tower the Leadership in Energy and Environmental Design (LEED) Gold certification for energy efficiency upgrades made throughout the Tower. Willis Tower was also recently named to the Illinois Council of the American Institute of Architects (AIA) Illinois' 200 Great Places list. For more information, visit www.WillisTower.com and connect on Facebook and Instagram.