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New Kraft Spinoff Signs HQ Lease

DEERFIELD, IL-Mondelez International has agreed to lease 105,000 square feet at Three Parkway North when it splits from Kraft’s grocery business.

By Robert Carr | Updated on July 09, 2012

DEERFIELD, IL-Mondelez International Inc., the new snack food company being formed in the Kraft Foods split, has signed to lease 105,000 square feet at Three Parkway Boulevard N. here, a five-story office building. The firm, splitting off completely from the Kraft’s North American grocery business, was named in May with a nod to the Latin words for “delicious world.”

The Kraft grocery business will remain at the company’s current headquarters at Three Lakes Dr. in Northfield, IL. Mondelez will move about 400 employees to the 255,000-square-foot Parkway North property, a Kraft spokesman tells GlobeSt.com. The timing of the company split is not yet known, but the move would follow the split, he says.

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