CBRE Represents Impact Networking, LLC In Expansion At 150 N. Michigan In Chicago
Business process optimization provider signs multi-year lease of two penthouse floors at Downtown Chicago landmark
CHICAGO – September 13, 2018 – CBRE recently represented Impact Networking, LLC, one of the fastest growing managed service providers in the nation, in a 13-year renewal and expansion to 19,000-square-feet at 150 N. Michigan Avenue in Chicago.
Impact is expanding from its current 7,000-square-foot space on the 21st floor to lease the top two floors, 40th and 41st, at the iconic150 N. Michigan. The company will initiate a build-out of the property’s penthouse suite, developing a branded, state-of-the-art workplace that will position Impact for current and future growth. As part of the deal, Impact will also receive prominent logo visibility and signage on the street-level of the building, visible to the 424,000 pedestrians and drivers traveling on Michigan Avenue every week.
The penthouse suite features two floors of angled floor-to-ceiling windows with stunning views of Millennium Park and the Lake Michigan shoreline. The space planning and design will amplify the Impact brand, and a full build-out will yield an open collaborative workspace with capacity for 105 employees. For the first time, this Impact office will feature a Customer Experience Center that will incorporate a new Software Demo Theater with floor-to-ceiling display technology creating an unparalleled experience for clients. Additionally, Impact will have a branded elevator with private access to the 40th and 41st floor, as well as a private interior staircase connecting both floors.
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“This expansion will position Impact to recruit and retain the top-tier talent that will propel it to even greater heights in the near future,” said CBRE’s Sheehy. “With this state-of-the-art new space, combined with the wonderful building improvements that ownership is putting in place, this will be an excellent location for long-term growth.”
Founded in 1999, Impact employs over 550 people at its 17 locations and specializes in Business Process Optimization through the conception, development and execution of enterprise data & document strategies. Headquartered in suburban Lake Forest, Impact has experienced a three-year growth of 135 percent, and has been listed on Inc. 5000’s “America’s Fastest Growing Private Companies” nine years in a row.
“We are looking forward to continuing our tenure at 150 N. Michigan Avenue, and more than doubling the square footage of office space we currently occupy. We wanted a space that would reflect our continued investment into the company, our employees, our clients, and our community,” said Impact’s CEO, Frank Cucco. “This space will be nothing short of breathtaking and is a true testament to how far Impact has come, and where we’re going — especially in the Chicago market.”
150 N. Michigan is a 41-story, 661,477-square-foot property that offers expansive views of Lake Michigan and Millennium Park, in one of Chicago’s busiest districts. Amenities include a top-of-the-line fitness center, a state-of-the-art conference center and tenant lounge and platinum Five-Star Worldwide tenant services. The property is currently undergoing a renovation that will reimagine the lobby and add new gathering spaces.
“This is a great move for Impact that will set the company up for long-term growth in one of the city’s most premier locations,” said CBRE’s McDonnell.
Bill Sheehy and Brian McDonnell of CBRE represented Impact in the transaction. CBRE also represented ownership, CBRE Global Investors.
About Impact Networking, LLC
Founded in 1999, Impact is one of the fastest-growing managed services providers in the nation, employing over 550 industry experts at 17 locations throughout the Midwest and West Coast. Beginning as a hardware dealer in an increasingly stagnant industry, Impact expanded into the business process optimization sector, helping businesses to reduce redundant, manual processes with intelligent automation. Today, Impact specializes in the conception, development and execution of customized strategies and solutions that improve technical, financial, operational and creative aspects of a business. The Impact suite of services includes Intelligent Process Automation, Managed IT & Cloud Services, Print & Document Management and Branding & Marketing. Recognized for rapid growth, continued innovation and company culture, Impact has been listed as Inc. 5000 “America’s Fastest Growing Private Companies” nine years in a row, Entrepreneur Magazine “Top Company Culture” and Chicago Tribune “Top Places to Work.” In 2019, Impact will celebrate 20 years of successful growth with continued plans for rapid expansion in sales, solutions, employees and locations. For more information, visit www.impactmybiz.com.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.