Groupon's Financial Woes Lead to Early Termination of Chicago HQ Lease
Groupon is terminating its lease for its Chicago headquarters two years early, paying a $9.6 million termination fee to end its commitment. The move comes as the struggling online-deal company risks running out of cash and warns investors that it may not remain a "going concern." The termination will create a big leasing challenge for developer Sterling Bay, which will soon be saddled with a big block of vacancy at a bad time to be hunting for new tenants.
