Snapchat parent, logistics firm eye Chicago Fulton Market offices

The parent of a popular social media app is planning to more than double the size of its office in Chicago and move it to a new Fulton Market District building, while a fast-growing Chicago-based transportation logistics firm has an even larger deal lined up to join them. In one of two leases that are close to being finalized at 167 N. Green St., Santa Monica, Calif.-based Snap is in advanced talks to lease about 25,000 square feet at the 17-story building, according to sources familiar with the deal. Snap, best known for its disappearing photo and message app Snapchat, would relocate its local office there from a boutique office building the company leases today at 648 N. Clark St. in River North. In the other deal, third-party logistics provider MoLo Solutions is nearing a lease of more than 93,000 square feet in the building, where it would relocate from the roughly 33,000 square feet it leases today nearby at 120 N. Racine Ave., sources close to the discussions said. The negotiations are poised to add to the recent leasing streak in the trendy former meatpacking district, despite an ongoing COVID-19 pandemic that has kept deal activity relatively sluggish elsewhere downtown, with office…
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