Fieldglass is the largest Vendor Management System (VMS) provider. Its innovative solutions allow organizations to better procure and manage their flexible workforces, including contingent labor, services arranged through Statements of Work, independent contractors and specialized talent pools.
For its global headquarters, Fieldglass had occupied approximately 24,672 square feet at 125 S. Wacker Drive in Chicago’s West Loop. The technology company was rapidly outgrowing its stale and uninspiring space and was seeking an opportunity to more than double its headcount in a more aesthetically pleasing and collaborative work environment. It was imperative that the company remain in the West Loop near key transportation hubs.
Fieldglass had a termination option in its current lease that was nearing expiration. Colliers International was hired to explore all occupancy scenarios including expansion at the current property or relocation within the West Loop, and also to oversee the architectural process, construction build-out, and move management.
The team’s approach to this assignment was focused on creating leverage at the current property while also thinking creatively about Fieldglass’ vision for its space. They wanted a building that had character, a strong technology backbone and would provide an exciting venue for their workforce.
Fieldglass signed an 11-year, 58,317-square foot lease at 111 N. Canal, a red brick building that was undergoing a complete transformation that included a complete renovation of the lobby, mechanicals and electrical systems. Fieldglass, which expects to quadruple in size, garnered incredible flexibility at a great price point. The brick architecture of the property appealed to Fieldglass as the aesthetics closely matched that of its Naperville, IL location. The new space, which will feature exposed ceilings, indoor vegetation, a roof deck, and open floor plan, is an ideal representation of the culture Fieldglass wished to present.