Cboe announced the news earlier today that they will occupy approximately 185,000 sf within the Old Post Office building and expects to relocate its Chicago staff, representing approximately half the company’s employees, in the second half of 2020.
“Our primary goal in selecting a new headquarters was to provide a unique, state-of-the-art environment for our employees and customers – one befitting an innovative company operating at the forefront of financial markets around the world,” said Ed Tilly, Chairman, President and Chief Executive Officer of Cboe Global Markets. “After a rigorous evaluation process, the Old Post Office was determined to be the ideal fit as its renovation is transforming this landmark building into a showcase property with world-class features and amenities.”
Cboe will also move their trading floor, which includes trading pits for S&P 500 Index option and Cboe Volatility Index options, to approximately 40,000 sf of office and trading floor space in the CBOT Building. The CBOT building was Cboe’s first trading floor home when it was founded in 1973. The new Cboe trading floor build-out will occupy the same area that housed Cboe trading pits in the late 1970s and early ’80s, until Cboe moved to its current headquarters at 400 S. LaSalle Street in 1984.
Cboe will celebrate its move with Mayor Lori Lightfoot and other guests at a special gathering in the Old Post Office this October. The company has signed a 15-year lease, with a five-year renewal option, for its new space in the Old Post Office and a 12-year lease for the space in the CBOT building.
“Cboe is a premier financial services company and we’re thrilled to create a leading-edge workplace for their people and future goals,” said Meg Osman, Executive Director of CannonDesign’s Commercial Practice. “Our design team thrives on complex transformation projects, and we’re excited to ensure Cboe achieves their bold vision for both the HQ and trading space.”
Added Mark Hirons, Design Principal for CannonDesign and the Cboe project: “Within the revitalized context of the Old Post Office building, creating an invigorating environment to foster continual innovation for this industry pioneer is an incredible opportunity. Working with the client, we strive to design an inspirational, immersive experience that reflects Cboe’s story, global presence and impact going forward.”