Mondelēz International will move its global headquarters from the Chicago suburb of Deerfield to a new site in the city’s West Loop.
The company is planning to relocate more than 400 employees to Chicago’s Fulton Market District from Deerfield. The manufacturer will take up residence in a five-story building being built at 905 W. Fulton Market in April 2020.
“We sought a location that reflects our new, dynamic and more consumer-centric growth culture, and which will make existing and future colleagues proud to be working at the global headquarters of a USD26bn global snacking leader. Fulton Market is an exciting part of the city of Chicago that has acquired a well-deserved reputation for world-class food. We’re privileged to be part of this rapidly developing scene,” Dirk Van de Put, Mondelez’s chairman and CEO, said in a statement, according to chicagobusiness.com.
In making the move, Mondelez will leave behind the open-floor-plan offices in Deerfield that it moved into in 2012 after spinning off from what was then known as Kraft Foods. Its workers will be joined by employees of Enjoy Life Foods, an allergy-friendly snack line that was acquired by Mondelez for USD81m in 2015 and is based in Schiller Park.
Mondelez leased all 77,100sqf of office space in the new building, according to a press release from Thor Equities Group, the New York-based developer overseeing the project. Thor, best known in Chicago for owning the Palmer House Hilton in the Loop, is one of the biggest landowners in Fulton Market.
Mondelez’s move follows similar migrations by Kraft, which left Northfield for the Loop’s Aon Center in 2016, and Beam Suntory, which departed Deerfield for the Merchandise Mart the following year. Conagra also chose the Mart when it moved its headquarters to Chicago from Omaha in 2016, while Ferrara Candy will be headed to the West Loop from Oakbrook Terrace this spring.