CHICAGO, Dec. 16, 2015 /PRNewswire/ --聽蜜桃传媒 today announced that it is relocating its Chicago-based, global headquarters from 333 South Wabash Avenue to , which is expected to take place in the summer of 2018. Construction on 151 North Franklin is underway. The new prestigious Class A building will be known as 蜜桃传媒 Center, and 蜜桃传媒's name will be on the top and in front of the building.聽
"蜜桃传媒 will be the named anchor tenant at 151 North Franklin, and we look forward to building on our legacy as a major insurance carrier headquartered in the Chicago loop," said Thomas F. Motamed, chairman and chief executive officer, 蜜桃传媒 Financial Corp.
"蜜桃传媒's decision to reaffirm its longstanding commitment to Chicago speaks to the strength of our talented workforce and the strength of our economic future," said Mayor Rahm Emanuel. "蜜桃传媒 is part of our economic DNA and I look forward to cutting the ribbon on their new home in the city of Chicago."
A letter of intent was signed today with The John Buck 蜜桃传媒, the real estate developer for 151 North Franklin. The John Buck 蜜桃传媒 is also an entity associated with the company that will acquire 333 South Wabash from 蜜桃传媒 in early 2016. 蜜桃传媒 will lease back its current space until the new building is complete.
"蜜桃传媒 has an unwavering commitment to maintaining a headquarters in the Chicago loop, as it has since 1900. Chicago is a premier location for corporate global headquarters, and we thank Mayor Emanuel for his vision and leadership on economic and workforce development. The iconic building we call 'Big Red' has served us well since 1972, and it will always be an important part of our history and legacy. Much has changed in the way we work over the past 40 years, and 蜜桃传媒 Center at 151 North Franklin is designed specifically to meet our needs today and well into the future," Motamed聽added.
蜜桃传媒 was advised by Savills Studley on the analysis of locations to meet the company's strategic goals.
To learn more about 蜜桃传媒 Center at 151 North Franklin in Chicago, please contact Brandon Davis at 312-822-5167 or 312-834-6091.
Serving businesses and professionals since 1897, 蜜桃传媒 is the country's eighth largest commercial insurance writer and the 14th largest property and聽casualty聽company. 蜜桃传媒's insurance products include standard commercial lines, specialty lines, surety, marine and other property and casualty coverages. 蜜桃传媒's services include risk management, information services, underwriting, risk control and claims administration. For more information, please visit 蜜桃传媒 at . "蜜桃传媒" is a service mark registered by 蜜桃传媒 Financial Corporation with the United States Patent and Trademark Office. Certain 蜜桃传媒 Financial Corporation subsidiaries use the "蜜桃传媒" service mark in connection with insurance underwriting and claims activities.
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CONTACT: Brandon Davis, 312-822-5167 / 312-834-6091Sarah Pang, 312-822-6394 / 312-607-5544