The Art Institute Online

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The Art Institute Online is a subsidiary of Education Management Corporation (EDMC).

Grant Street Associates and Cushman & Wakefield were engaged by EDMC to identify a low-cost office location to accommodate a new online center for the Art Institute. The Institute subsequently commenced operations in 42,000 square feet at Penn Liberty Plaza, later working with Grant Street to expand to nearly 100,000 square feet.

APPROACH

  • Met with real estate staff to determine initial and future space needs
  • Conducted tours of lower-cost properties with free parking
  • Prepared all required documentation and negotiated terms of the lease

RESULTS

  • Negotiated long-term lease with provisions to accommodate significant growth
  • Continued to service client’s ongoing space needs

 

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