Peapod, represented by Colliers International, will move the company’s headquarters from north suburban Skokie to downtown Chicago at 300 S. Riverside Plaza, according to an announcement on Tuesday.
The relocation comes at a time when Peapod is experiencing year over year growth across all of its markets. Mayor Rahm Emanuel and Gov. Bruce Rauner supported the move and were excited for the company to continue growing.
“Since Peapod was founded in Chicago in 1989 as the country’s first online grocer, we have always considered this city our home,” Walt Lentz, acting President of Peapod said in a statement. “Moving our headquarters downtown will allow us to become a bigger part of the Chicago business community and invest in the city’s diverse pool of talent while also growing our business throughout the country.”
David J. Burden (pictured left), SIOR and Tom Beraducci, senior associate, both part of Colliers’ Corporate Solutions Group, assisted Peapod with the relocation. Matt Pistorio and Joy Jordan of The Telos Group represented building ownership, Third Millennium Group, in the transaction.
“After a thorough search of several Loop submarkets, our analysis showed that 300 South Riverside was the ideal headquarters site for Peapod,” David Burden said in a statement. “With premier commuter access, attractive building amenities, and a large floor plate with good natural light, it is a desirable site for high-performance.”
The new, 53,000-square-foot location is expected to be complete in the spring of 2018. That is also when the headquarters and all 180 Skokie-based employees will transfer to the Chicago location. The 40 employees based in the Civic Opera Building will relocate then as well. The company previously occupied a 33,000-square-foot space.
Peapod joins a number of other food industry leaders including McDonald’s, Conagra Brands, ADM, Mead Johnson, Beam Suntory, Kraft Heinz and Oscar Mayer.