CHICAGO — PepsiCo is moving its Chicago office to the Old Post Office.
The building, at 433 W. Van Buren St., will house the beverage company’s sports and fitness, Quaker Foods and juice portfolios, along with PepsiCo Beverages’ North America Central Division.
The move will “meet the growing needs of current and future talent by creating a more agile and productive working environment for employees,” according to the company.
PepsiCo signed an eight-year lease for the 192,000-square-foot space and anticipates moving in at the end of 2020 after construction is finished.
With 1,300 Chicago employees, the company will be the third-largest office tenant in the historic building. PepsiCo’s current Chicago office (412,000 square feet) is at 555 W. Monroe St.
“As a CPG powerhouse with world-class talent, Chicago is an essential hub for accelerating PepsiCo’s growth and realizing our vision to be the global leader in convenient foods and beverages by winning with purpose,” said Ramon Laguarta, chairman and CEO, PepsiCo. “This state-of-the-art workspace will enable our company to grow our brands faster, strengthen our capabilities with enhanced facilities and resources, and continue to serve as community partners to Chicago and across North America.”
The office will have an open-floor concept that PepsiCo said will help increase collaboration and growth. Renderings of the space show a juice bar, Gatorade-themed open collaboration space with exercise-ball seats and a modern workspace with Pepsi-Cola logos.
The company said more initiatives will be announced that further demonstrate the its commitment to bring value to the city.
“PepsiCo’s move to the beautiful, historic Old Main Post Office solidifies its strategic position throughout the region, enabling it to grow into new areas, create new jobs, expand opportunity and take our partnership to even greater heights, while furthering Chicago's position as a global hub for the food and beverage industry,” said Chicago Mayor Lori Lightfoot.
Ferrara Candy Co. in November also moved its office to the Old Post Office.
Purchase, N.Y.-based PepsiCo is a global food and beverage leader with a portfolio of more than 22 brands that generate more than $1 billion each in annual retail sales. Besides Plano, Texas-based Frito-Lay North America, its main businesses are Pepsi, Quaker, Tropicana and Gatorade.