China’s Cofco Leaves Downtown Chicago Office to Escape Crime
- Trading arm of China’s top food firm to relocate to Oak Brook
- Decision was made due to safety concerns, people familiar say
Cofco International Ltd., the trading arm of China’s largest food company, will relocate its downtown Chicago office to the suburbs in part due to persistent crime, according to people familiar with the matter.
The agricultural commodities trader is planning to move to Oak Brook from its location in the Loop, as Chicago’s central business district is known, said the people who asked not to be named because the information is private. High costs and safety concerns are driving the move, the people said.