Chicago & Midwest + Downtown + Office | January 9, 2019

Mondelez Relocating to Fulton Market, Signs Office Lease with Thor

Mondelez International is joining the ranks of companies relocating their headquarters downtown from the suburbs. The snack manufacturer has leased most of Thor Equities Group’s 905 West Fulton Market in a move from Deerfield, IL.

The long-term deal encompasses 77,100 square feet of office space in the five-story building for Mondelez’s new global headquarters, along with 6,150 square feet of retail. Approximately 10,000 square feet of retail space remains available for lease in the building.

Thor Equities chairman Joseph Sitt noted that the Fulton Market District is “continuing its transformation into one of the most sought-after areas in the country for prime office and retail space.” The company has been reducing its presence along State Street in the past few years, while bulking up its Fulton Market presence.

This past October, Thor completed its assemblage of a full city block in Fulton Market. Plans call for construction of a 20-story office tower.

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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).