CHICAGO (NOVEMBER 21, 2019) – PepsiCo announced today that the company will move its Chicago office to the Old Post Office building, at 433 W. Van Buren St., which will serve as headquarters for its Sports and Fitness, Quaker Foods and Juice portfolios and inclusive of iconic brands like Gatorade, Quaker Oats and Tropicana, as well as PepsiCo Beverages’ North America Central Division. The company signed an 8-year lease that includes 192,000 square feet for its 1,300 Chicago employees, making PepsiCo the third-largest office tenant in the Old Post Office. The move reconfirms the company’s commitment to Chicago and demonstrates its intention to attract and retain the best.
“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 project will meet the growing needs of current and future talent by creating a more agile and productive working environment for employees. The open-floor, amenity-rich space will play an important role in increasing collaboration, innovation and growth.
“PepsiCo’s renewed commitment to Chicago is a testament to our shared talent, vision, and values for the future that have served as the foundation for our relationship through all these years,” said Mayor Lori E. Lightfoot. “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.”
PepsiCo is partnering with Cresa, IA Interior Architects and Skender on this project and anticipates opening the new space in the winter of 2020.
PepsiCo will continue to build on its storied legacy in Chicago in one of the City’s great historical landmarks. Today’s announcement is the first of several upcoming initiatives that will further demonstrate the company’s commitment to bringing value to the City.
PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $64 billion in net revenue in 2018, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including 22 brands that generate more than $1 billion each in estimated annual retail sales. Guiding PepsiCo is our vision to Be the Global Leader in Convenient Foods and Beverages by Winning with Purpose. "Winning with Purpose" reflects our ambition to win sustainably in the marketplace and embed purpose into all aspects of the business. For more information, visit www.pepsico.com.
Editor's Note: The photo accompanying this article, "Old Chicago Main Post Office 1," was taken Sept. 4, 2016, by daryl_mitchell. It appears on Flickr and is shared according to the Creative Commons Public License Attribution-ShareAlike 2.0.