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Home / Business / Facebook moves into the new Loop Tower at 151 N. Franklin vows to add jobs

Facebook moves into the new Loop Tower at 151 N. Franklin vows to add jobs



Whether it likes it or not, the Facebook footprint in Chicago has grown a lot since the tech giant announced plans to move into a huge new office in the loop.

Facebook leases 263,000 square feet in 151 N. Franklin St., According to company spokesman Jamil Walker, who provided no further details about the deal.

The building – a newly built 35-story 807,000-square-meter tower – is home to CNA Financial headquarters and the law firms of Hinshaw & Culbertson, one of the largest companies in the country.

It is unclear whether Facebook will maintain its existing lease at 191 N. Wacker Drive or how many new employees the company plans to rent. However, Facebook's US industry chief Matty de Castro said the social networking giant will add new positions.

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(FILES) This photo taken on February 25, 2013, taken in Washington, DC, shows the splash page for the internet social media Giant Facebook.
Facebook announced on March 9, 2018, a license agreement with Warner Music, the last of the major label groups that are under contract with the social media giant, which promises more personalized music. Facebook's two billion users will soon be able to write more creative posts with the Warner catalog, whose artists include Ed Sheeran, Coldplay, and the late Prince.
/ AFP PHOTO / KAREN BLEIERKAREN BLEIER / AFP / Getty Images ORG XMIT: Private d

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Getty File Photo

"Chicago has been our Midwest home since 2007 and we are Exci We will increase our presence through increased hires and a new office in 151 North Reinforcing Franklin, "de Castro said in a written statement." Our ongoing investment in this community underscores the strong talent pipeline and thriving technology ecosystem that make it a great place to grow our Global Marketing Solutions and recruiting teams

Mayor Rahm Emanuel has Facebook's decision to lease more offices n, quickly touted space in Chicago, a move that gives the burgeoning technology sector of the city more attention and legitimacy.

"Facebook's decision to double Chicago with new jobs and investments testifies to the talent of our residents and the incredible strength of our fast-growing tech sector," said Emanuel. "For companies looking for innovation and investing in 21st century jobs, Chicago is the future."

"I look forward to seeing Facebook continue to grow and thrive in its new home in Chicago," he added.

Facebook's latest announcement follows Google's recent decision to expand its Chicago office.

Amazon also considers Chicago and 19 other finalists for its coveted second headquarters, a 50,000-job business promotion award called HQ2. To bring the technology leader to justice, the city and state have offered $ 2.25 billion in incentives.

Last month, Emanuel said Amazon representatives "really liked" two of the five potential places they visited in the city.


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