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PepsiCo Will Move Chicago Ops to Old Post Office
PepsiCo plans to move its 1,300 Chicago workers from an entire 17-story building to a single floor in 601W Companies’ redeveloped Old Post Office, becoming the latest company to spread out in an ultra-wide building, the Chicago Tribune reported.
The Purchase, NY-based food and beverage giant has leased 192,000 square feet at the 2.8-million-square foot former post office, where it plans to move headquarters for its Gatorade, Quaker and Tropicana brands in winter 2020.
A PepsiCo spokeswoman told the Tribune that all of its Chicago employees, currently housed in 412,000 square feet at 555 W. Monroe St., will fit on a single floor at the Old Post Office. That’s because of efficiencies of the new space, she said.
Cresa’s Adam Subber, Dan Sullivan and Allen Rogoway represented PepsiCo in the eight-year lease. New York-based 601W was represented by a Telos Group team of Steve Smith, Daniel Heckman and Jamey Dix.
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