Groupon terminating HQ lease early – Crain’s*

600 W. Chicago Ave.

Groupon is ending its lease for its River North headquarters two years early as it risks running out of cash, creating a big leasing challenge for Chicago developer Sterling Bay much sooner than expected. Groupon's lease for nearly 300,000 square feet was due to expire in January 2026, but the company paid a termination fee of $9.6 million to end its commitment early.

5 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
BlomsnessPinthdarnell
3 years ago

Steriling Bay, go bankrupt in a nice office!

The Paraclete
3 years ago

Groupon, an eco er e company didn’t produce anything but advertising. I know where to spend my money. A dot com by any other name.

JackBolly
3 years ago
Reply to  The Paraclete

Very labor intensive business model – always thought they would be better to locate in Fargo or Wichita.

JackBolly
3 years ago

Lease rates have to come down, way down.

Giddyap
3 years ago

Just the latest company to dump their Chicago HQ

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE