Takeda latest firm to shed big suburban HQ

The pharma company plans to sell its three-building, 777K sf facility next year

Ramona Sequeira, president of Takeda’s U.S. Business Unit and Takeda Pharmaceutical’s Deerfield headquarters
Ramona Sequeira, president of Takeda’s U.S. Business Unit and Takeda Pharmaceutical’s Deerfield headquarters

Takeda Pharmaceutical is joining the parade of companies moving their headquarters out of north suburban Deerfield.

The company plans to shut down its three-building complex overlooking the Tri-State Tollway by the end of this year, sending its roughly 1,000 employees packing, according to the Chicago Tribune.

Takeda aims to sell the property, whose buildings add up to 777,000 square feet, by April, a spokesperson said.

The steps represent the culmination of a 2018 announcement the firm would pack up the Lake County facility and move some of its employees to Boston, while cutting about 7 percent of its workforce. Some Deerfield workers will be asked to relocate, while others will be asked to work remotely, according to the company.

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Takeda is among a handful of companies leaving Deerfield, as business owners set their sights on Downtown to scoop up more young workers. Food distributor Mondelez International plans to abandon its Deerfield headquarters for new digs in Fulton Market, and insurance company Markel will exit the suburb by next year.

Walgreens Boots Alliance has pledged to hold onto its Deerfield offices, even as it plans to anchor 601W Companies’ renovated Old Post Office building with a 200,000-square-foot lease.

Last month, Florida-based Bridge Loan Investors refinanced the North Parkway One office building in Deerfield, which it acquired in late 2017. [Chicago Tribune]Alex Nitkin