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Art Institute Signs 53,801-SF Lease at Sullivan Center

CHICAGO-The School of the Art Institute takes the entire 12th floor across the street from its administrative address for extra office space and room to house the architecture and designed objects departments.

By Mark Ruda | Updated on December 15, 2005

CHICAGO-The School of the Art Institute of Chicago will move its enrollment, institutional marketing and student services to the 12th floor of the landmark Sullivan Center in the East Loop. The move takes place early next year.

The Art Institute, which already has its administrative offices at 37 S. Wabash Ave., also will move its architecture and designed objects departments to 53,801 sf at 33 S. State St. and 36 S. Wabash Ave. Although terms were not disclosed, asking gross rates at the one-million-sf property owned by Joseph Freed & Associates start at $19 per sf, according to a local database. Office vacancy in the mixed-use buildings is nearly 20%. The 100-year-old property, designed by Chicago architect Louis Sullivan, underwent a renovation in 2002.

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