Chicago, Illinois, March 3, 2015 – Ivanhoé Cambridge and co-investor and developer Hines, announced today that Mead Johnson, a global leader in pediatric nutrition, has signed a lease to relocate its corporate headquarters to River Point, at the corner of Lake and Canal Streets in Chicago’s West Loop area.
Mead Johnson has leased three floors, approximately 75,000 square feet of office space, in the mid-rise of River Point and will move to its new space in mid-2017. Designed to meet all the needs of a 21st-century company, the 52-story, 1.05 million square foot building will offer world-class architecture and first-class amenities, including a 1.5-acre public park and landscaped river walk, retail shops, a fitness center and extraordinary views of the Chicago River. The building has been designed to achieve LEED® Gold certification.
“We operate in a competitive category and hold ourselves to the highest standards of quality, innovation and effectiveness – and we expect nothing less of our facilities,” commented Jeff Jobe, Mead Johnson’s Senior Vice President, Technical Operations. “River Point Tower offers the right combination of quality location, infrastructure, services and amenities for the global headquarters of a fast-moving, fast-growing, high performance company like Mead Johnson.”
Hines Senior Managing Director Greg Van Schaack commented, “Creating the perfect feel of a suburban campus in an urban setting is why we believe Mead Johnson will be right at home at River Point. Our first-class amenities, which include a 1.5-acre public park, combined with the latest in technology, allow us the privilege of being a part of their strategic vision for years to come.”
Arthur Lloyd, Executive Vice President, Global Investments, Ivanhoé Cambridge said, “We are very pleased to welcome Mead Johnson’s global headquarters to River Point. We know that the property’s world-class features and very attractive location will provide a truly distinctive urban working environment to meet the needs of Mead Johnson’s employees.”
Mead Johnson was represented in the transaction by Cushman & Wakefield (J. Frank Franzese, Steven C. Bauer and Aaron N. Schuster). Building ownership was represented by Hines (Greg Van Schaack, Tom D’Arcy, Jim Walsh and Laura Hines).
About Ivanhoé Cambridge
Ivanhoé Cambridge leverages its broad expertise, investing in, operating and developing real estate properties and companies to deliver optimal returns for its investors. Through multiple subsidiaries and partnerships, Ivanhoé Cambridge holds assets located mainly in Canada, the United States, Europe, Brazil, Mexico and Asia, which totalled more than Cdn$42 billion as at December 31, 2014. Ivanhoé Cambridge is a real estate subsidiary of the Caisse de dépôt et placement du Québec (lacaisse.com), one of Canada’s leading institutional fund managers. For further information: ivanhoecambridge.com.
Hines is a privately owned real estate firm involved in real estate investment, development and property management worldwide. The firm’s portfolio of projects that are completed, acquired or underway includes 1,163 properties representing more than 389 million square feet of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments. Currently, Hines manages 402 properties totaling 170 million square feet, which includes 96.5 million square feet for third parties. With offices in 121 cities in 19 countries, and controlled assets valued at approximately $30.7 billion, Hines is one of the largest real estate organizations in the world. Hines is also a world leader in sustainable real estate strategies, with extensive experience in LEED®, ENERGY STAR®, BREEAM, Haute Qualité Environnementale and DGNB green building rating systems. Visit hines.com for more information.
About Mead Johnson Nutrition
Mead Johnson, a global leader in pediatric nutrition, develops, manufactures, markets and distributes more than 70 products in over 50 countries worldwide. The company’s mission is to nourish the world’s children for the best start in life. The Mead Johnson name has been associated with science-based pediatric nutrition products for over 100 years. The company’s “Enfa” family of brands, including Enfamil® infant formula, is the world’s leading brand franchise in pediatric nutrition. For more information, visit meadjohnson.com.
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