Chicago Growing, July 2010


Each quarter, WBC tracks companies that have relocated to, or expanded in, Chicago. This edition of Chicago Keeps Growing highlights companies from a wide array of industries – from financial services to manufacturing – that have announced the expansion of operations in the city since March.

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Allegiance Capital, an investment bank serving primarily privately held middle-market companies, announced that it has opened an office in Chicago’s Willis Tower as part of an ongoing expansion.

Associated Foreign Exchange, Inc.(AFEX), a global foreign exchange specialist, announced the opening of a new office in Chicago as part of the company’s continued expansion within the North America market.

Bank Leumi, owned by a major Israeli financial firm, has leased 10,071 square feet at 1 N. LaSalle St., where it will move from its previous LaSalle street-level location, to accommodate the bank’s growth.

Berlin Packaging has selected Reed Construction to construct a 20,000-square-foot build-out at the company’s new headquarters in Chicago at 525 W. Monroe St.

Chicago Coating Company, a manufacturer of coating and sealing related products, bought an industrial building at 3455 W. 31st Place.

CORConcepts, Inc., a direct marketing company that specializes in bringing products and services directly to consumers, relocated its headquarters to Chicago to continue expansion efforts.

CWCapital, a full-service lender to the multifamily and healthcare real estate industries, announced its expansion and establishment of a new lending office in Chicago.

DePaul University announced it will move its O’Hare Campus to 8770 W. Bryn Mawr Ave. The new state-of-the art facility will offer easy CTA access and allow the university to grow classroom capacity.

Diana’s Bananas Inc. purchased a 30,529-square-foot industrial building on the West Side at 2733 W. Harrison St., where it will expand its chocolate-covered frozen banana manufacturing operation by 80%.

Edward Jones, a financial services advisor, announced it will double its number of offices in the Chicago area over the next eight years.

Horwood Marcus & Berk, a Chicago-based firm specializing in business law, is moving to 500 W. Madison (the Citigroup Center), where it is expanding its space by about a third.

Houseal Lavigne Associates, a community planning, urban design and economic development firm, has relocated its main office to downtown Chicago from Naperville.

The Internal Revenue Service is moving a criminal investigations forensics lab to the Congress Center, as a part of a U.S. General Services Administration 28,080-square-foot expansion.

James McHugh Construction Co. plans to break ground this fall on a 315,000-square-foot data center just west of McCormick Place at 111 E. Cermak.

Jigsaw, a London-based digital agency under Mobile Interactive Group (MIG), announced its expansion into the U.S. with the opening of a Chicago office.

MIXIT, Inc., a New York-based financial industry technology provider, has opened an office in downtown Chicago to provide regional support and sales.

Munch’s Supply Co. is entering the Chicago market with a new 55,000-sq.-ft. branch on the city’s North Side.

Neutral Tandem Inc., which provides switching services to telecom companies, is increasing its space by 36%, as part of its headquarters move to 550 W. Adams St.

The Poetry Foundation has begun construction of its new home in River North, the first permanent venue for Poetry magazine in its nearly 100-year history in the city.

PrinceRidge Group LLC, a New York-based financial services firm, opened a branch office in Chicago.

Regina Webster & Associates, a civil engineering firm, more than doubled its space in a move to Interpark Corporate Center, on W. Bryn Mawr Ave.

Rentrak Corporation, a multi-screen media measurement serving the advertising and entertainment industries, announced a newly formed Chicago office.

R.J. O’Brien & Associates (RJO), the largest independent futures brokerage firm in the U.S., is creating a premier “trading floor” for its Chicago institutional division to accommodate new brokers the company plans to hire to complement its global expansion.

Sanders Morris Harris Group Inc., an investment banking company based in Houston, announced it plans to open two offices in Chicago.

Servcorp, an Australian temporary-office firm, opened its first U.S. location last Monday at 155 N. Wacker Dr. and plans to open a smaller site in May at 300 N. LaSalle St.

Stan Johnson Co., an Oklahoma-based brokerage and advisory firm, has opened a Chicago office at 111 E. Wacker Dr.

Sword Diagnostics, Inc. announced the relocation of its corporate headquarters and research facilities from the suburbs to accommodate planned growth. The company will double its size at the University Technology Park at the Illinois Institute of Technology.

Therapeutic Proteins Inc. announced its relocation from Deerfield to a new 13,000-square-foot facility at Illinois Institute of Technology’s University Technology Park, with options for additional expansion.

Threadless.com, an internet T-shirt retailer, plans to move its headquarters to a 45,000-square-foot former FedEx Corp. warehouse in the West Loop to accommodate growth.

Trend Exchange, a new futures exchange that will let investors bet on contracts tied to soon-to-be-released movies, announced it will be opening in Chicago.

Ullico Inc., a union-backed life insurer expanded its Midwest regional office as part of a move from Downers Grove to 111 S. Wacker Dr.

Vibes Media is moving its downtown headquarters into an entire floor at 300 W. Adams St., where the company is expanding to 21,600 square feet.

Walgreen Co. signed a long-term lease for 20,000 square feet of Loop office space at State and Madison Sts. for 65 employees of its e-commerce department.

WhenTech, a provider of option pricing and risk management solutions to the commodities futures industry, announced the expansion of its operations through opening an office in Chicago at The Chicago Board of Trade.

Workforce Management, the leading business publication for workforce management and human resources professionals, is moving its headquarters to Chicago.

Photo by Voogd075

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