Mondelez Taps Fulton Market for Global Headquarters
“Fulton Market is continuing its transformation into one of the most sought-after areas in the country for prime office and retail space."
CHICAGO–Mondelez International has signed a long-term lease deal to occupy all five floors of office space at 905 West Fulton Market. The global snack company will utilize 77,100 square feet for office space for its global headquarters as well as 6,150 square feet for retail space.
Mondelez signed a 15-year lease, according to a Thor spokesperson. While specific details of the deal were not made public, the asking rent for the office space was $35 per square foot, while the retail space was listed a $100 per square foot.
“Fulton Market is continuing its transformation into one of the most sought-after areas in the country for prime office and retail space,” said Joseph Sitt, chairman of Thor Equities Group, which manages the property.
Mondelez joins a host of other recent additions to the area, such as ACE Hotel, Beatrix, Shake Shack, Punch Bowl Social, Free People, Lululemon and Anthropologie.
905 West Fulton Market boasts contiguous floor plates, a landscaped terrace and green roof. The building’s design and its location in the Fulton Market area were what attracted Mondelez to the space.
Beyond Mondelez’s space there is an additional 10,000 square feet of retail space available to lease.
Thor Equities is no stranger to the neighborhood. The company also owns 942 West Fulton Market, 1003 West Fulton Market, 800 West Fulton Market and 1229 West Randolph St.