In May, the State of Wisconsin Investment Board moved to a newly finished building in the Madison Yards development on Madison’s near west side. Following the pandemic, SWIB had outgrown the available space at its office building in downtown Madison. In November 2020, SWIB negotiated a competitive lease for approximately 90,000 square feet of space, and its occupancy cost will change by less than a dollar per square foot compared to its previous location in downtown Madison. The building is part of the 21-acre complex that includes a 600,000-square-foot State of Wisconsin office building that opened in 2018 and houses SWIB’s sister agency, the Department of Employee Trust Funds.
“We are excited to move to this near west side development and to be in the same area as the Department of Employee Trust Funds, with whom we work closely, as well as other government agencies,” SWIB Executive Director/Chief Investment Officer Edwin Denson said. “At the same time, the sale of our existing building at an attractive price benefitted the Wisconsin Retirement System and provided a prime downtown Madison location for future development.”
The new modern workspace in Madison Yards seamlessly integrates technology, design, and physical space. These improvements will provide a superior infrastructure for SWIB’s technology, network systems, and growing number of data sources. It creates enhanced security and flexibility for managing the trust funds. The purposeful integration of technology will help SWIB attract and retain talent, build connections and community, and foster a culture of innovation.