However, some of the details of the lease might change with PepsiCo'splanned acquisition of Quaker. Pepsi acquired Quaker in order to augment itsbeverage line with Gatorade and its Frito-Lay snacks with Quaker's granolabars and rice cakes. It's conceivable that Quaker's non-snack food businesscould be sold off and less space needed at the new headquarters.

Original plans called for Quaker to occupy about 80% of the building with 1,100 employees. The site will also have about 5,500 sf of retail. Amenitiesof the limestone pre-cast building would include a double story lobby,fitness center, executive parking within the building, eight high speedelevators, dedicated freight elevator, advanced security systems andoversized vertical risers to accommodate communication and electrical needs.

Fifield's partner for Concord Place is CB Richard Ellis Strategic PartnersFund. Lenders of the project, valued at $300 million, include Key Bank,Mellon Bank and Union Labor Life Insurance Co. Fifield is reportedlycontemplating two more similarly sized buildings on the same block. This isevidence of the increasing popularity of Chicago's West Loop with thebusiness community due to its proximity to expressways and commuter railstations.