media release

Chicago Staff on the Move

Employees at Akzo Nobel's headquarters in North America are relocating to new downtown premises in Chicago.

Akzo Nobel employees who work at the North American headquarters in Chicago are scheduled to move into new downtown premises by the end of the year.

Around 250 people—who work for the holding company and several Chemicals business units—will leave the current offices at Riverside Plaza and relocate to the brand new Congress Center, which is situated a block away on West Van Buren Street.

The company will occupy the top three floors of the 16-storey building, which adds up to more than 90,000 square feet.

Akzo Nobel is being very innovative in preparing the space by using the newest technologies in modular wall and floor construction. This modular design is more environmentally friendly than conventional construction and will give the new offices a modern appearance.

The design of the new office space will also incorporate a lot of glass to provide all employees with natural lighting and a more open environment.

A number of possible options were considered, including renewing the lease at Riverside Plaza, but the Congress Center was regarded as the best location because it offered competitive rental rates and satisfied the needs of all parties, including access to public transportation and up-to-date systems technology.

By keeping the jobs in Chicago, the company is eligible to recieve tax credits through the Economic Development for a Growing Economy (EDGE) program, which is administered by the Illinois Department of Commerce and Community Affairs.

(Released: October 8, 2002)

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