Mars Snacking Shifts U.S. Headquarters to Chicago by 2027, Closing 110,000-Square-Foot Newark Office
Updated
Updated · RE-NJ · Jul 20
Mars Snacking Shifts U.S. Headquarters to Chicago by 2027, Closing 110,000-Square-Foot Newark Office
3 articles · Updated · RE-NJ · Jul 20
Summary
Mars Snacking said it will vacate its 110,000-square-foot Newark office by December 2027 and move its U.S. headquarters to its expanding Chicago campus, affecting more than 300 employees.
The company said the move followed a comprehensive review of its North American office footprint and fits a broader long-term growth strategy centered on strengthening operations in key locations.
Newark is set to lose a tenant that arrived in 2020 with a 10-year, $31.5 million state tax-credit package, money Mars will now likely have to repay.
Hackettstown operations are expected to remain largely intact, preserving Mars' manufacturing and innovation presence in New Jersey even as its marketing and sales hub leaves downtown Newark.
The exit adds to a wider New Jersey corporate outflow after Samsung Electronics America chose Texas, with business leaders saying WARN notices already point to 9,700 jobs leaving the state this year.