Zurich North America Commercial and North American Regional Chairman Mike Foley and dignitaries, including Illinois State Sen. Dan Kotowski, Illinois State Rep. Michelle Mussman and Schaumburg Mayor Al Larson, have broke ground on Zurich’s new North American headquarters.
The 40-acre site will be home to the 735,000-square-foot-building that will house 2,500 employees and contractors who work in Schaumburg and live in the surrounding communities. As part of the project, Zurich will add 250 full-time jobs by September 2018. The new headquarters will offer many amenities, including a wellness center, learning and conference center, state-of-the-art work environment and parking garage.
The developer and design builder, Clayco and financier/landlord Stonemont Financial Group, have made a $300 million investment and plan to lease the building to Zurich for the next 26 years.
While yesterday marked the official groundbreaking, initial work began in March of 2014 and will continue to completion, set for the fall of 2016.