Groupon signs deal for new Wacker Drive HQ: The company is moving in January from its massive longtime home at 600 W. Chicago Ave.

Groupon, the online-deal company, has signed a deal for a new main office in the Loop, moving from its current headquarters at 600 W. Chicago Ave. to a smaller space at 35 W. Wacker Drive. The company is subleasing about 25,000 square feet on the 25th floor of the office tower from media conglomerate Publicis Groupe. The move comes as Groupon nears the end of its lease at its current location and follows cost-cutting measures, including layoffs, due to the impact of the COVID-19 pandemic. The sublease helps alleviate some office space availability in downtown Chicago, but the city's office market continues to face challenges with high vacancy rates. [Extracted from the article]