US telecoms equipment vendor Motorola Mobility is to relocate its headquarters from Libertyville, Illinois to downtown Chicago’s Merchandise Mart in summer 2013.
It will become the landmark building’s largest tenant and occupy nearly 600,000 square feet on the top four floors and the rooftop.
When it was opened in 1930, the Merchandise Mart was the world’s largest building with 1mn square feet of floor space, and it remains the world’s largest commercial building.
Motorola Mobility was acquired by Google last May for US$ 12.5bn – ostensibly for its patent portfolio, although the vendor’s close relationships with leading operators also likely played a part in the decision.
Google revealed within its financial results for the second quarter of this year that Motorola Mobility posted an operating loss of US$ 233mn for the period on sales of US$ 1.25bn, with most of these losses coming from its mobile devices business.
The search giant gave nothing away on its plans for the division however, as industry speculation mounts over whether its Home unit might be sold off.