Madison, Wis. – The State of Wisconsin Investment Board (SWIB) moved to a newly finished building in the Madison Yards development on Madison’s near westside. Following the pandemic, SWIB had outgrown the available space at its Lake Terrace office in downtown Madison. In November of 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 westside development and to be in the same area as the other government agencies involved in the management of the Wisconsin Retirement System,” 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.
About SWIB
The State of Wisconsin Investment Board (SWIB), created in 1951, is an independent state agency responsible for managing the assets of the Wisconsin Retirement System (WRS), the State Investment Fund (SIF), and other state trust funds. As of December 31, 2022, SWIB managed $143 billion of total assets, 85% representing WRS assets. SWIB’s strong management of the trust funds has helped WRS remain one of the only fully funded U.S. public pension plans. SWIB provides a strong, steady economic pillar for the state of Wisconsin by growing the trust funds under its management, managing risk, and optimizing costs over the long term.