High-rise commercial buildings

Sub Markets

Property Sectors

Topics

Chicago & Midwest CRE News In Your Inbox.

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

Chicago & Midwest  + Office  | 

Star of City’s Innovation Economy Plans Move to Merchandise Mart

Logistics technology startup project44, which recently completed a $35-million Series B fundraising round,  plans to take 40,000 square feet at the Merchandise Mart and create 200 new jobs by late 2019. Details on lease terms and timelines were not disclosed.

“Chicago is the heart of our domestic transportation ecosystem, a global hub for enterprise SaaS [software as a service] innovation and home to a range of Fortune 500 companies,” said Jeff McCandless, project44’s founder and CEO. “That unique ecosystem has accelerated our ability to build products that bring visibility and reliability to our global transportation networks.” Mayor Rahm Emanuel on Friday called project44 “an invaluable asset to Chicago’s innovation ecosystem.”

Founded in 2014, project44 moved into its current space at the Clark Adams Building in 2016. The Merchandise Mart footprint will be about four times the size.


Get Chicago News in 150 Words

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

Read more at BusinessWireConnect With project44's McCandless

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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