Braintree Opens New Office at Chicago’s Merchandise Mart
- Oct 15, 2014
Braintree, a fast-growing global payments platform and subsidiary of eBay Inc. recently celebrated the opening of a new office on the eighth floor of the Merchandise Mart building. Chicago Mayor Rahm Emanuel was there to cut the ribbon on Braintree’s new office, showing his support for the city’s growing tech community.
The Chicago-based company moved into the new 65,000-square-foot headquarters on October 9, and is expected to create 216 new jobs in the city in 2016 and another 144 jobs in 2017 to fill out the new space. According to a news release, Braintree currently employs 180 people in the city of Chicago.
“Braintree’s commitment to growth in Chicago is a testament to the depth of talent in our workforce and the vitality of the city’s tech economy,” Emanuel says. “In three years, Chicago has added 10,000 new jobs in technology and companies like Braintree are critical to continuing that growth and helping to achieve our goal of doubling the City’s tech workforce in the next decade.”
The Merchandise Mart is home to a number of other tech companies such as Razorfish, Motorola Mobility, GoHealth, MATTER and technology hub 1871. San Francisco-based company Yelp has also signed a lease for over 50,000 square feet of space on the building’s fourth floor, and intends to hire up to 300 people in the new office in the next couple of years.
Braintree’s former 27,000-square-foot office at 111 N. Canal in the West Loop will be subleased by Chicago-based tech company Signal. 111 N. Canal will also house the corporate headquarters for Illinois-based wireless provider Gogo, which is expected to take over 232,000 square feet of office space.
“Mayor Emanuel has been an incredible supporter of Braintree and the Chicago tech community,” says Bill Ready, chief executive for Braintree. “We’re honored to have him open the doors to our new Chicago office.”
Image courtesy of Merchandise Mart.com