Morningstar Will Move Headquarters to Thompson Center

The firm will relocate to the iconic downtown building in late 2028 to maintain its core presence in Chicago.

Updated on Sept. 30, 2026 in Commercial

Morningstar Will Move Headquarters to Thompson Center

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Morningstar announced it will shift its global headquarters to the Thompson Center in late 2028. The financial services firm plans to occupy 275,000 square feet within the facility.

Why it matters

By moving to the site purchased by Google for $105 million, Morningstar reaffirms its commitment to maintaining a corporate presence in the Chicago Loop. This relocation secures a major tenant for the high-profile downtown redevelopment.

Morningstar will move approximately 1,500 employees into the 275,000-square-foot space. This move follows Google's 2022 acquisition of the building for $105 million.

The players

Morningstar

An investment research and financial services firm that employs 11,000 people worldwide.

Joe Mansueto

The founder who started Morningstar in 1984 with an initial investment of $80,000.

Google

A multinational technology company that acquired the Thompson Center property in 2022.

Commercial Club Foundation

A civic organization slated to receive $1 million as part of Morningstar's community investment program.

The details

The relocation will see the firm move from its current site at 22 W. Washington St. to the Thompson Center. Additionally, the company is launching a five-year, $5 million community investment program to support local initiatives.

1984: Morningstar was founded in Chicago.
2022: Google announced plans to purchase the Thompson Center.
2027: The firm will begin a five-year community investment program.
late 2028: Morningstar will move its headquarters to the Thompson Center.

Roadmap

This move highlights the ongoing trend of major firms consolidating operations within high-profile, renovated urban real estate projects. By choosing the Thompson Center, Morningstar aligns itself with the broader corporate strategy of revitalizing iconic city centers.

Residents and downtown workers will see a significant increase in daily activity at the Thompson Center once 1,500 employees arrive in 2028. Additionally, local nonprofit groups will benefit from $4 million in pledged grant funding starting in 2027.

The takeaway

The firm is doubling down on its Chicago roots by tethering its future to a prominent downtown architectural landmark. This decision signals confidence in the long-term viability of the urban Loop as a central business hub.