Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Chicago & Midwest  + Downtown  + Industrial  | 
Vivid Seats will relocate its headquarters to one of the upper floors of the historic Marshall Field building in downtown Chicago.

Ferrero North America to Open Innovation Center in the Loop 

Ferrero North America, part of the global confectionery company Ferrero Group, plans to open an Innovation Center in Chicago’s Marshall Field and Company Building. The new 45,000-square-foot facility will bring together Ferrero’s R&D teams throughout the U.S. and also house employees from Ferrero’s Old Post Office location representing Fannie May, Nutella Café, Keebler, Famous Amos, Mother’sand other brands. 

The new innovation center, R&D lab and offices, located on the eighth and ninth floors at 24 E. Washington, will bring about 170 cross-functional team members to the Loop 

“This new space will foster the collaboration, creativity and culture that Ferrero is known for around the world,” said Todd Siwak, president and chief business officer of Ferrero North America.  

Ferrero was represented in the lease by Andy Strand and Todd Mintz of JLL.  Property owner Brookfield Properties was represented by Jack O’Brien, Daniel Heckman and Caroline Colnon of The Telos Group. 

Connect

Inside The Story

JLL's StrandTelos Group

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Lease