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ConAgra Confirms Merchandise Mart Move

Chicago Office

ConAgra Foods confirmed yesterday it's relocating its HQ from Omaha, NE, to Chicago, with 700 employees moving into the Merchandise Mart next year. CEO Sean Connolly says the move will put ConAgra in a position to attract and retain top talent, while focusing on building its brand and innovation.

Omaha Mayor Jean Stothert met with Connolly yesterday in an attempt to change his mind, but Connolly downplayed the economic fallout the move would have on the town. Illinois Gov. Bruce Rauner approved tax incentives to sweeten the move.

ConAgra becomes the latest major company to call Chicago home. The company will lease 200k SF at Merchandise Mart. A smaller number of employees work in Downers Grove. [OST]