Google targeting Merchandise Mart for huge new office lease

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One of the world’s biggest brands is coming to Chicago’s biggest office building according to a new report from Crain’s Chicago Business.

The magazine reports today that Google is in advanced talks with the owners of the iconic Merchandise Mart for a lease that could exceed 500,000 square feet. The lease is expected to accomodate many, if not all, of the 3,000 people employed by Motorola Mobility Holdings, which Google acquired for more than $12 billion late last month. Those employees are currently based at Motorola’s former headquarters in suburban Libertyville.

Jones Lang LaSalle’s Matt Carolan tells Crain’s that the Mart’s wide floor plates and location in the bustling River North neighborhood make it attractive to high-tech tenants like Google:

“When you walk into the lobby, it’s energy.  You get off the El and  there are food options, and immediately outside the property there are unique, 24-hour businesses.  It’s really attractive to technology companies that have predominantly younger staff. For employees who are a little older and have maybe moved their families to the suburbs, it’s not all that far away from the commuter trains, either.”

To read the full Crain’s story, click here.

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