The alcohol maker Beam Suntory has announced that it will move its global headquarters to Chicago from suburban Deerfield by the end of next year.
The spirits company says it will move more than 450 employees to Chicago's Merchandise Mart. It is the latest company to leave the Chicago suburbs for the city.
Executives said Monday that the company has signed a letter intending to sublease 110,000 square feet in the building along the Chicago River. Beam Suntory CEO Matt Shattock says the company wants to focus on cities like Chicago where consumers, particularly millennials, work and live.
Employees will gradually start moving on Sept. 1. Relocation is scheduled to be finished by the end of 2017.
Kraft Heinz, Hillshire Brands, Walgreens and AT&T all have recently moved employees to downtown Chicago.