Chicago & Midwest + Downtown + Office | December 12, 2022

Architecture and design firm HED signed a 12-year lease to move from Chicago’s Loop to Fulton Market

Architecture Firm HED Makes Move to Fulton Market with Flexibility in Mind

National architecture and design firm HED, based in Southfield, MI, just signed a 12-year lease to move from its 13,000-square-foot office at 1 E. Wacker in Chicago’s Loop to an 8,000-square-foot office at Tishman Speyer’s 320 N. Sangamon in Fulton Market. The move is scheduled for April, the Chicago Business Journal reported.

Instead of having assigned desks in an open office environment with a few offices for leadership, HED decided to rethink traditional models for something that better addresses the reality of hybrid work, Enrique Suarez, managing principal at HED Chicago, told the Business Journal.

“We know our people aren’t in the office 100% of the time, and we think that is going to continue,” he said.

Although the company’s current space, like most, is designed with a one-to-one ratio of one seat per person, the new office will have more flexible seating.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).