Friday, November 22, 2019

PepsiCo Moving Into Old Post Office Building

More big brands coming to Old Post Office building (via Chicago Tribune):
PepsiCo plans to move its 1,300 Chicago workers from an entire 17-story building to a single floor in the redeveloped Old Post Office, becoming the latest company to spread out in an ultrawide building.
The Purchase, New York-based food and beverage giant has leased 192,000 square feet on the third floor of the 2.8 million-square foot former post office, where it plans to move in winter 2020, the company said.
PepsiCo’s Chicago office is the headquarters for its Gatorade, Quaker and Tropicana brands, as well as PepsiCo Beverages’ North America Central Division. It is the company’s second-largest office by employee count, trailing only the Frito-Lay headquarters in Plano, Texas.
The fact that this building has gained so much traction is likely a great thing for the Sloop.  More people, looking for more food/shopping options, looking for places to live seems like a good flywheel.

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