Expansion driven by record growth, supports future workforce needs
CHICAGO – April 24, 2018 – Kaufman Hall, a leading provider of strategic and financial consulting services, and enterprise performance management and decision support software, today announced that it is expanding its Chicago-area presence with a new office in downtown Chicago. The company leased 14,118 square feet at 10 S. Wacker Street in the CME Center. Kaufman Hall’s corporate headquarters will remain in Skokie, where it has been located since 2005.
The expansion is part of the company’s “modern workforce strategy.” It provides Kaufman Hall with greater reach in conducting business, and supports the company’s continued emphasis on attracting and retaining exceptional talent. The new office will house roughly 100 employees and will feature a modern, flexible environment and communal amenities to support collaboration and interaction. The new office is expected to open in August of 2018.
The new downtown office comes at a time of unprecedented growth for Kaufman Hall, with a nearly 20 percent increase in employees in 2017. The company currently employs 457 people across six offices.
“Providing exceptional service to our customers is the top priority at Kaufman Hall, and delivering industry-leading solutions for some of their toughest business challenges requires that we attract and retain the best of the best employees,” said Wes Champion, who recently was appointed chief executive officer of Kaufman Hall. “This Chicago expansion allows us to strengthen our capabilities as a trusted advisor to our clients, and to improve our workplace strategy for our employees.”
Kaufman Hall’s rapid growth is fueled by its strong financial position, including a strategic investment from Madison Dearborn Partners in 2015. The company saw double-digit sales bookings and revenue growth each year from 2010-2017.
“CME Center offers Kaufman Hall not only a prestigious address, but a setting that aligns with the company’s corporate objective of creating a vibrant office environment with all of the amenities and accessibility desired by today’s workforce,” said Savills Studley Corporate Managing Director Renae Bradshaw, who represented Kaufman Hall in the transaction, along with colleague and Vice Chairman John Goodman.
“In Chicago and other metro areas across the United States, we are seeing a dramatic shift in location dynamics. Rather than employees moving to where companies are located, companies are moving to where the talent wants to be. Culture and convenience are two key attractions for the millennial generation,” added Bradshaw.
Strategically located in Chicago’s West Loop business district, CME Center consists of two 40-story towers – 10 and 30 South Wacker – connected by a 10-story center structure and a 500-car parking garage. The towers’ striking saw-tooth design, with large floor-to-ceiling windows, provides panoramic views overlooking the Chicago River and Wacker Drive. Tenants have access to numerous amenities, including an active retail/restaurant corridor, car-sharing services, car wash, valet parking, and conferencing, lounge, and fitness facilities. The property is currently undergoing a transformative lobby redevelopment scheduled for completion in 2019. It is certified as LEED Gold for Existing Buildings, and holds Green Globe and Energy Star certifications.
The building owner, Tishman Speyer, was represented in the transaction by Joe Gordon and Justin Lewis.
About Kaufman Hall
Kaufman Hall provides management consulting and software to help organizations realize sustained success amid changing market conditions. Since 1985, Kaufman Hall has been a trusted advisor to boards and executive management teams, helping them incorporate proven methods into their strategic planning and financial management processes, and quantify the financial impact of their plans and strategic decisions to consistently achieve their goals.
Kaufman Hall services use a rigorous, disciplined, and structured approach that is based on the principles of corporate finance. The breadth and integration of Kaufman Hall advisory services are unparalleled, encompassing strategy; financial and capital planning; cost transformation; treasury and capital markets management; and mergers, acquisitions, partnerships, and joint ventures.
Kaufman Hall’s Axiom Software provides sophisticated, flexible performance management solutions that empower finance professionals to analyze results, model the future, and optimize organizational decision making. Solutions for long-range planning, budgeting and forecasting, reporting and analytics, consolidations, capital planning, and profitability and cost management are delivered on a single, integrated software platform. Kaufman Hall’s Peak Software empowers healthcare organizations with clinical benchmarks, data, and analytics to provide a higher quality of care for optimized performance and improved patient outcomes.
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 platform includes brokerage, project management, capital markets, consulting and corporate services. With 31 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 33,000 professionals and over 180 commercial offices around the world. Savills plc is listed on the London Stock Exchange (SVS.L).